Tesla isn’t a $10 stock.
Tesla is a $1 stock. At this moment, it makes cars, but it loses money on every single one. Tesla is losing $5 per share and is priced at $200 a share.
GM is MAKING $6 a share, and GM stock is selling at $37 a share. GM is priced appropriately, maybe even a little below what it is worth. But TESLA isn’t worth the paper the stock shares are printed on, and 32% of shares are shorted right now, meaning a LOT of people are betting on Tesla to go down.
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