edmwftw
Banned
- Joined
- Jul 5, 2020
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Tesla hype is still in the air. Look at its prices, it is resilient. I wonder who and how to cause the price to tumble down if they were to fall to fair value.
Tesla is the only exception in the world now that defies conventional odds in evaluation due to its many supporters for the Iron Man hype not forgetting it's strong growth, earnings and production/technology capability far ahead of it's competitors.
Hence the only way for it to tumble down to earth value is to miss earnings/production target consecutively and lose its market share to strong competitors. But the next few months will likely have extremely wild fluctuations causing many to take up a new snorkeling hobby at Bedok reservoir if they play with leverage.
From the looks of it, barring some disasters the lowest it will crash to is US$600 and should remain strong above US$800 for next 12 months at least.
Mankind needs hope and no one else except Elon is able to provide that.

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