As if somehow his involvement at Tesla is a good thing.
If they could build a car that competes with BYD and other Chinese manufacturers in cost, it might be worth a fraction of its current value, but they cannot. Their cars are aging, the tech isn’t leading edge anymore, and they haven’t demonstrated that they have learned how to move from design to production without a huge on-ramp. Their PE should be lower than Ford or even VW.
As if somehow his involvement at Tesla is a good thing.
If they could build a car that competes with BYD and other Chinese manufacturers in cost, it might be worth a fraction of its current value, but they cannot. Their cars are aging, the tech isn’t leading edge anymore, and they haven’t demonstrated that they have learned how to move from design to production without a huge on-ramp. Their PE should be lower than Ford or even VW.
I’d imagine the shares are rising because investors think less they are hoping musk stops hurting the company by publicly pissing off the world.