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RE: Tesla Crosses $100 Billion In Marketcap

in SteemLeo • 6 years ago

Tesla's stock makes no sense fundamentally. Tesla is a top 5 most shorted stock on Wall Street...its the short sellers covering their losses which it making the stock reach nose seat bleachers.

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6 years ago in SteemLeo by
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     6 years ago 

    Impossible to validate the marketcap based upon fundamentals. In this instance, it makes no sense.

    Markets will do what markets do and someone will get stuck holding the bag.

    Posted via Steemleo

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     6 years ago 

    Lol...so true, but there is no way Tesla should have a market cap 2nd to Toyota in the auto industry. Their sales don't justify the valuation. Stock is only up this much because the short sellers are getting squeezed.

    Posted via Steemleo

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