Tuesday, July 7, 2020

Voodoo

Tesla stock started the year at $443 and today its at $1,400. Tesla's 185 million outstanding shares means the company is worth over 250 billion dollars which means it has surpassed Toyota to become the worlds most valuable car company. Tesla sold 367,000 cars in 2019 and Toyota sold 2,383,000. Market gurus are waning that Tesla is overvalued and will take a fall and the more they warn the more people buy the stock. Not only do I not understand the market, I don't understand the people who participate in the market. It must be voodoo investing.

No comments:

Post a Comment