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Comment by jesterson | Hacker News Reader

Respectfully - no need to have a study on Tesla to come to conclusions you've made. Just critical thinking and some math to do P/E and P/L.

> the stock price is a touch detached from reality and will fall the moment people pop out of the Elon Musk dream state.

Well said. It's typical Ponzi scheme - it grows while the master keeps showing new focuses and attract new followers.

Wake up will be painful though.

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P/E has been so consistently been horrible indicators for the stock market that it is actually mind blowing that people still use them. Most analyst that relies on them has among the worst rating on Wallstreet.

The same logic was applied to amazon for like 10 years.

I'm sure all those people who invested in amazon regret it now that we had that massive crash and amazon has finally been reviled as a Ponzi scheme.

P.S: Does anybody else hate that the 'Ponzi Scheme' was once a specific thing and now everybody uses it in every situation where people could lose money. Please learn what 'Ponzi scheme' actually means.

I dont think tesla stock is fairly valued . the same way i believe it was undervalued from 2016 - 2019 what happened in my understanding was that long shorts were tired of paying interest for a stock which just wont move down bellow a support so they decided to close the positions and as they did it hit the stop loss of other shorts cascading .into a short squeeze ... but now after the s&p 500 you cant short it cause there isnt much float available with every single fund forced to buy it ........ that is the story of the stock , but i do take offence to the word "ponzi scheme" the cars are real , the solar roof is real , the exponential growth is real ... you are free to draw the line where you want but "ponzi scheme" is a very legal thing and you better have proof.

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