Tesla crashes; stock falls over 50% since Elon joined Trump administration [video]

Don't overgeneralize. For years, myself and others have been saying that Tesla is overvalued, that there was no way they were worth more than all the other auto manufacturers on planet earth put together. All along we've been told we're wrong in our analysis, that Tesla is much more than just an auto manufacturer. They're an automotive technology developer, they're an energy company, they're a robotics company, they're a whatever. At Tesla's peak, their market capitalization nearly equaled Saudi Aramco, the largest energy company in the world! Tesla stock has been overdue for a correction and recent events are simply making people realize Tesla is a business, just like everybody else, and Elon doesn't wield a magic wand. So, the stock is correcting itself.