Quote:
Originally Posted by Southwest737
Most of high tech is down hard and especially the EV makers. Not just Tesla. Rivian and Lucid down over 80 percent from a year ago.
The sector was highly overbought and has now likely overcorrected.
With a forward PE of 22 Tesla is a strong buy for an investor looking for growth at a reasonable price.
|
Too bad about Rivian’s stock drop and other setbacks.Their CEO is far more realistic than Musk. We are holding our devalued shares. We are delighted with their most tangible product, our first pickup in our 58 years of vehicles. After 19 months of waiting and 7 months of neglecting and abusing it, the conclusion is that it’s the greatest and most underpriced piece of machinery in which we have ever invested.
We suggested they raise the price, even on ours, ramp up production , and charge on.