r/technology • u/DontFearTheCreaper • 1d ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
66.1k Upvotes

90% Upvoted

2.0k comments sorted by

View all comments

Show parent comments

8

u/cokeiscool 1d ago

But cheap is relative, Tesla is "cheap" but its at $247 a stock

16

u/TwistedNightlight 1d ago

Tesla isn’t cheap; it’s still way overvalued.

-2

u/cokeiscool 1d ago

And it will turn around just like most of the other stocks so it is "cheap" for some people

Cheap is different for every person

2

u/Significant_Turn5230 1d ago

It's not about cheap vs expensive price for one share, Tesla in particular is an odd stock. Before it started crashing, Tesla was valued higher than every other American manufacturer COMBINED. Ford and Apple will go back up after this crash, but Tesla might not. It's been so overvalued for so long, it can fall a long way further before it gets back to the realm of reasonably valued.