Tesla can't find buyers for the current backlog of nearly 2,400, or $200 million worth of Cybertrucks, despite claiming over a million orders were received.
  • @Jimius@discuss.tchncs.de
    8•7 days ago

    Tesla stock was enormously overpriced anyway. The product is not that good or worth that much. In the very beginning there was a lot of disrupting the incumbents. For better or worse. Now it’s all worse.

    • @CharlesDarwin@lemmy.worldEnglish
      3•7 days ago

      Yeah, if you compare their P/E ratio to any other car company…it was and is just nuts. They are in the triple digits last I checked, while many car companies are in the single digits/low double digits.

      It’s gotten a tad bit closer to reality, but still needs adjustment, IMHO. I think the price of the stock should be at about 1/10th of what it is at now…I think a lot of it has to do with people buying into Musk’s bullshit and whole lotta stans in the day trader manosphere.

      But it has a real Gamestop vibe to me…