Tesla's bubble bursted. I hope u closed that position
Reasons why I think tesla Price will dropdown:
1. The current market cap of tesla is 299.37B
Sales 25.71B
Income 368.00M
Toyota Motor Corporation
Market Cap 211.71B
Sales 253.22B
Income 14.50B
U can see that Toyota has far more sales but their Marcet Cap is far lower with sales in 10 times bigger.
2. Tesla didn't include in SP 500 index. Many waited for that because if that would happen ETF and other funds would buy that stock.
Yes, I know Elon Musk can create some room that will change the world. But it needs to make money not only statements.
1. The current market cap of tesla is 299.37B
Sales 25.71B
Income 368.00M
Toyota Motor Corporation
Market Cap 211.71B
Sales 253.22B
Income 14.50B
U can see that Toyota has far more sales but their Marcet Cap is far lower with sales in 10 times bigger.
2. Tesla didn't include in SP 500 index. Many waited for that because if that would happen ETF and other funds would buy that stock.
Yes, I know Elon Musk can create some room that will change the world. But it needs to make money not only statements.
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