I've never written about Tesla (NASDAQ:TSLA) stock, never thought I would, and never figured I'd have a view or insight that could be influential enough to be worth writing. I'm also not much for momentum or highly trafficked stocks in general, as I
Forget Fundamentals - Tesla Stock Exposed To Inevitable Trump-Musk Standoff
Summary
- Like many other analysts, I find it hard to justify Tesla's stock price based on its business results.
- In the past year, the company has dangled new carrots that appear to distract investors from the stalling economics of the core EV business.
- TSLA valuation is underpinned by sentiment and future hopes, along with Elon Musk's image.
- A potential fallout between Musk and Trump could trigger significant selling in TSLA shares, and that moment seems inevitable.
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