yeah, honestly, if you zoom out summary level, the whole thing is so confusing.

I'll admit I wasn't paying attention, so high-level he seemed like a Tony Stark, liberal darling: investing in space, internet access, electric cars, and solar. I mean, the dude was set to be a left-wing mascot. Boy was I an idiot. But I admit I wasn't paying close attention to any early flags.

All that aside, they've also been floundering lately and lacking in any substantial new developments. Self driving isn't really progressing, their line-up hasn't seen any refreshes, no new features, and all they have to show for it is a Cybertruck with a bunch of issues and delays that probably wasn't going to sell well to begin with.

I wanted to short it because it was obviously overvalued but I was absolutely not confident it would come down because I will always believe there are greater fools among the Tesla shareholders.

It's getting much harder for him to do that. Mostly because the last time he tanked the stock price, it (justifiably) never recovered.

Well, it's a bit surprising that Tesla is the worst-performing stock so far. I mean, the Boeing scandal was a disaster image-wise, and others are struggling real hard. But even with all that, Tesla is performing worse than the airplane manufacturer, who can't build secure and quality-controlled aircraft. The tide is turning for Tesla. Competition is getting stronger and starting to roll out strategies like the BMW 50% 2025 Plan, which means Tesla as an electric automobile manufacturer has dire times ahead if they don't start fixing things.

Tesla long stopped delivering on promises they, or rather Musk, made. They need something other than words and visions to sell, and fast, otherwise, the stock is going to normalize more and more, to a degree a mid-sized automobile manufacturer would be, as the shareholders slowly start losing faith and jumping ship, as long as the stock is overvalued and there are buyers.

Not really. It still has a price to book ratio of 9.10, which is still ridiculous for a car company.

For comparison:

Toyota is 1.21

Ford is 1.05

Honda is 0.66

VW is 0.38

Nissan is 0.36

The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market value to its book value (where book value is the value of all assets minus liabilities owned by a company).

I think it just means it's over valuation started to end coinciding with the calendar year

Right, you're only supposed to throw car batteries in the ocean, throwing the whole car in is just littering.