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Originally Posted by tom2021
How low will Tesla stock go down? Under 100?
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I think it’s massively overvalued even where it is currently at, but the greed has to set in sooner than later. Retail investors are getting squeezed out, margin calls left and right probably. Institutions are going to come in and chomp at the bits. I say $100 is floor, still overrated though.
I don’t understand why people who make the argument that Tesla will fly high because they are so far ahead in terms of margin. What does it matter that GM and the rest make less margin right now, they’ll get there. What matters the consumer buys the others cars and that is what will be responsible for market share and ultimately profit erosion for Tesla.
Where are all the Tesla proponents? They’ve been awfully quiet since this stock started taking a dump.