The reason it increased (not doubled) is that their CEOs public behavior drove the value down over 100 points in the months prior. I think the meme stock comment above actually has some merit though.
It did double. Check the april lows.
> is that their CEOs public behavior drove the value down over 100 points in the months prior.
And yet, he is still CEO. Not only that, didn't the board just award him a new pay package?
> I think the meme stock comment above actually has some merit though.
A $1.5 trillion meme stock? Don't think so. A S&P500 company that is a meme stock. Don't think so. It is highly volatile, but it isn't gamestop.
All I'm saying is that Musk is still the CEO because enough shareholders back him. Why? Who knows. Maybe it's because he's increased the value of tsla from a few billion to $1.5 trillion in the past 15 years. Who knows.
I get more worried about all the CEOs that say effectively nothing. That seem to have PR team coaching them on everything they say. It's the quiet, plotting ones we should be exceptionally concerned about.
Because we have no idea what they're really thinking.
They haven't improved the car for at least five years. Yes, autopilot is better, but that's it. And no, autopilot is not going to be doing autonomous driving globally anytime soon.
There is absolutely no justification for such a valuation. Humanoid robots? That's as short sighted as vision only self driving. There are any number of vastly more promising robotics companies.
As a previous Tesla stock holder and still car owner, I want Tesla to be a good car company first. It is not. And the CEO has gone out of his way to alienate and be hostile to his own customer base.
It's a meme stock because musk hurt your feelings? If you think the stock of company valued at $1.5 trillion is a "meme stock", it's because of your political agenda. Not reality.
> There is absolutely no justification for such a valuation.
There must be some justification. Otherwise it wouldn't be trading at $1.5 trillion.
> I want Tesla to be a good car company first.
Musk has been open about what tesla is. It surely isn't a "car company".
> And the CEO has gone out of his way to alienate and be hostile to his own customer base.
You are not his "customer base". The narcissism and sense of self-importance is off the charts.