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Political Memes @lemmy.world

Is Elon crying now?

104 comments
  • The best thing about this is that Tesla is massively overvalued. Like, the stock price is more than 20x what it should be based on Tesla's earnings.

    If Tesla had a reasonable value, then hedge fund managers and other rich people would probably be buying it while it was temporarily down and getting rich as it went back up. But, with it so insanely overvalued, it's much more likely they'll short it or buy put options and hope to get rich when it finally crashes.

104 comments