Re: I might ...
Tesla doesn't have anything magic in the EV market, even if there's a good argument that it once did. It isn't appreciably closer to self-driving than anyone else and they don't have any unique EV tech.
It currently has a P/E ratio in excess of 50 and, sure, I'm losing money as the stock goes up. But the stock is a story stock - it goes up and down according to what Elon Musk says. Therefore, as it becomes clear that he isn't some brand new form of tech Titan, and as his stories become more unreliable, the value of the company will, I'm betting, decrease.
How's that product pipeline looking? Is there really anything coming that justifies Tesla being quadruple the value of Mercedes Benz, for example? I'm not convinced. And even if Musk is the genius who can propel Tesla ever higher, his remaining obviously distracted by Twitter is hardly going to help.
Biting the hand that feeds IT
