Tesla definitely has some smoke and mirrors going on and is clearly overvalued but I feel like calling them a meme stock at this point is pretty inaccurate. Teslas are on the road doing things and the company is selling them in pretty serious quantities... all against the seemingly iron willed determination of Elon Musk to bankrupt the company by creating a PR nightmare and wasting money.
If they are priced like a startup and growing like a startup, that might indicate something crazy about how startups are priced, but it isn't unique to Tesla.
Yes, but as a counter point they are grossly overvalued. If you can get the same gross overvaluation, which Apple probably can, then why not do it? Especially if you can goose the stock price long enough to hit your bonus metrics and cash out.
The markets aren’t going to value Apple like Tesla just because they enter the same industry. Tesla has an earning multiple right now of 99.52x compared to Apple’s 25.3x.
Adding another 4 billion in profits when it already makes around $19.44B is not going to get the market to value its stock higher anymore than Disney adding streaming helped it to be worth the multiple that Netflix was.
But the market can stay irrational longer than most people can stay solvent
