rb336
Well-Known Member
Wall Street knows next to nothing when it comes to long-term viability or profitability. This is why contrarian investors usually out-perform the market, especially long term. Their only concern is the quarterly report, and Ford's quarterly drops in profits were largely due to issues beyond their control - such as a supplier fire that halted production on the F series, their most profitable product, and Trump's tariffs, which have cut into the profitability of their Chinese operations. Europe is troubling, but it that way for everyone in that market.
Stock market is a bunch of investors' opinions on a company.
Tesla is at $305/share. They ziptie parts (which should not be ziptie'd) as part of their assembly. https://imgur.com/a/ss5fE
Tesla has also never turned a profit. They aren't a good business. They present intriguing ideas, but ultimately their engineering/product isn't up to par.
But alas, "investors" value Tesla more than Ford and more than most other OEMs. It doesn't correlate to jack shit. Don't take stock price as an indicator of a company's ability.
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