In related news, Musk has announced he’s launching a human duplication company. He will serve as the fledgeling venture’s CEO, with the ultimate goal of producing an exact genetic replica of Mr. Musk, complete with all of his knowledge, experience and personality disorders.
Once this replicant is produced, Mr. Musk will step down as Twitter CEO and hand over the reins of the company to the monstrous, unholy doppleganger of himself he’s created. Until then he will remain in place as Twitter’s chief executive.
Thats more of a psychological level than a fundamental level imo.
This is the Elon bubble bursting with the part of tesla's valuation that was tied up in the belief that Elon was a visionary genius, going up in flames.
Hard to know where this finally settles tbh. As has been mentioned, if you value tesla as an automaker and not some growth tech stock, it could easily go to 20-30 a share.
The cult of Elon could circle the wagons and keep it north of 100 though, absolutely