>>17291004This is only really meaningful if you don't understand just how overvalued Tesla was before people hated Elon Musk.
People did not buy Tesla stock because the company was valuable or had good fundamentals, they bought it because it was trendy and upper-middle class yuppies in America like to band together and run-up trendy stocks Ponzi Scheme style. Apple is another one of these, Apple is not actually bigger than every company in the history of the world combined, but they have had the highest market cap in the history of the world at various points.
After declining to it's current price ($238 in your picture), Tesla is still valued higher than every car maker out there that produces more cars than Tesla. Nissan sells 2x the cars that Tesla sells, Nissan's best year ever, 2006, their stock was $24 a share. Toyota, the largest and most successful car company in the history of the world, a company that sells over 10x as many cars a year as Tesla, has a stock price of $188 per share. Tesla won't be "less than what it's worth" until it's hovering around $40-80. It's fundamentally a shitty car company that only moved vehicles because you didn't qualify as upper-middle class retard unless you had one and owned Tesla stock from like 2014-2021. It was the status symbol. That and the Apple Watch. You had to have it or the other yuppies would mock you at dinner parties.
