comment: >
  
  Love how everyone's like "will it break the $120 barrier?"   Like, it's inflated way out of proportion to the fundamentals and Elon spent all weekend playing footsie with a Russian fascist who thinks he's going to be the first president after the next US civil war.  Why is anyone assuming there's a floor to this?
context: Teslas stock price is going down because for years it was valued as a tech company. What keeps tech stocks high though, is the uniqueness of the company. If they do something no one else does, they are golden. That was tesla. But not anymore. Now everyone has an electric car. Once the big companies got involved, this was always gonna happen. 
  Not to mention the fact that Tesla's are pretty mid as far electric cars go..the innovations and quality being put in by the other companies far exceeds anything tesla is doing. 
  They ran their company like they were always gonna be the only one in the market. They had piss poor management. >
  
  $109 at the closing bell >
  
  1/3rd its value in YTD. >
  
  Still overpriced. >
  
  I would say under 50 is the target now. >
  
  That would put it’s P/E around where most profitable car companies sit, which might still be generous as TSLA’s profits mostly come from selling carbon credits. >
  
  Most folks don't want to drive a MAGA hat. >
  
  Its even worse, a priveladged elitist MAGA hat who is anti union. Blue collar America is heavily pro union and tesla is a union busting company.  They still can't get door panels straight after cutting all of the cost the big 3 union manufacturers have. >
  
  Just out of curiosity I looked at the Teslas on the way to my car in a giant airport parking garage. (There were a lot of them in Seattle!) Every single one, Model 3, Y or S, had misalignment of at least a half a cm. Like none of the GMs or Fords or Kias I passed did. For damn sure my family’s Chevy Bolt doesn’t. >
  
  Yup, lets see how they honor warranties in a few years when the rushed chips start failing. >
  
  You're rather optimistic, thinking they'll still be around in a few years. >
  
  No one is looking to buy a car from a CEO that won't stop killing his own brand with stupid "gotcha" tweets, and the base he is appealing too won't buy an EV. 
  Shocker that the share price is dropping fast.