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Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value

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According to Professor of Marketing at NYU Scott Galloway, Tesla is among several companies that could lose 80 percent or more of their value or disappear. And Tesla is not the only one on Galloway's list of disappearance. This list also includes  WeWork, Robinhood, Lyft, and OYO.

https://www.teslarati.com/tesla-elon-musk-disappear-lose-80-percent-value-nyu-professor/ 

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(edited)

Agreed, it's a joke, but sure Musk and plenty of others will chuck load more on the moneypit fire first. 

I thought Tesla was just around for people to short it?  A year ago it was $350, now it's $237.

image.jpeg.fc10b06f4bd31bf1b82276eb14257fb5.jpeg   image.jpeg.4cf9ab068c0e386cd5d831f10e9ff2e1.jpeg

Can't think why ... 

Edited by DayTrader

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On 10/7/2019 at 1:02 PM, DayTrader said:

Agreed, it's a joke, but sure Musk and plenty of others will chuck load more on the moneypit fire first. 

I thought Tesla was just around for people to short it?  A year ago it was $350, now it's $237.

image.jpeg.fc10b06f4bd31bf1b82276eb14257fb5.jpeg   image.jpeg.4cf9ab068c0e386cd5d831f10e9ff2e1.jpeg

Can't think why ... 

And now it's (once again) above $320.  Seems odd until one realizes the volatility is entirely a result of finance industry dickery. 

The fundamentals of Tesla's situation have remained constant: it's a young company innovating its way into an established industry, with all the pros and cons that implies.  We all knew the risks from day one, and none of those risks have changed.  The bottom line is that you either think Tesla can win and you invest or you don't.  Either way, there's no fundamental reason for volatility.  It's just not that complicated. 

That said, as time has passed, Tesla has consistently cleared hurdles.  10 years ago, no one thought EVs were viable - much less a company based entirely on EVs.  Today, EVs are acknowledged to be the inevitable future, the industry giant VW views Tesla as their primary competition (commenting that Teslas is years ahead), and Tesla has established all of the fundamental competencies necessary to compete in automotive.  We can quibble about how far Tesla must go to become financially stable, but there's no question about how far they've come already.  Their frightening progress should be a wake-up call to doubters. 

Which brings me to my thesis: Musk knows what he's doing, and Tesla's disturbingly rapid progress will continue.  To face this threat, the entire automotive industry will rearrange itself to look and function more like Tesla.  Tech's culture of fierce competence and rapid change will rip and tear its way through sclerotic incumbents.  Only a handful of automotive companies will survive.  Tesla will be one, and VW another.  It's doubtful any of the Big 3 will join them.  If they do survive, they will do so as radically changed - and probably miniaturized - versions of their former selves.

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