by Chris Black
It looks like Tesla doesn’t actually produce cars. The real product it sells is shares of stock. People can’t get enough.
In order for Tesla to earn its trillion dollar valuation, the company needs to take a 120% share of the global auto industry.
How exactly does an electric car company gain more market cap than a traditional auto maker, if the company supposedly will take the others place? Especially when the company makes less profit per unit.
Pets.com was more accurately valued than Tesla, and had a more realistic spokesman.
Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split.
— Tesla (@Tesla) March 28, 2022
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