Tesla is a great company to invest in, but the current price is too overpriced imo, it feels like all the future unrealized potential is already priced in, a bit risky if you want to get in now because if there's a bad news, the potential of downward movement is huge.
Having said that, the meme-value of the stock is insane (thanks to Elon and the internet). Because of that, the price is dictated much less by the value of the company, but much more controlled by how much are people willing to pay for. Is this sustainable? Personally idk, if the meme stay strong then maybe?
If you're an early investor then all you need to do isjust sit back and enjoy the ride, but if you just nowthinking about getting in, it's probably wiser to buya little bit and more later when there's a better entry point. Just my guess though.
Speaking about value, just like the article said, there's other much more undervalued stocks out there that's probably a much better buy right now. Other than EV manufacturers, also good to look into companies that make charging stations, energy storage, recycling (especially the batteries), and semiconductor that focus on the EV sector. Good luck!
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