Technology
Don’t Fall for Elon Musk’s Self-Driving Car Fallacy – The Motley Fool
The Tesla CEO continues to overestimate the long-term profit potential of Tesla’s self-driving car technology.
Last May — when Tesla(NASDAQ:TSLA) shares were trading for around $150 on a split-adjusted basis — CEO Elon Musk opined on Twitter that Tesla’s stock price was probably too high.
Tesla stock price is too high imo
Elon Musk (@elonmusk) May 1, 2020
As Tesla stock continued to rise during the remainder of 2020 and sustained its massive gains, Musk began to change his tune. By the time Tesla held its fourth-quarter earnings call last week, the stock had more than quintupled from the level that Musk…
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