Economics

Yes, one thing people are ignoring in terms of the political stuff is that Tesla is just plain overwhelmingly overvalued. It still has a greater market cap than most other car companies combined, but it's a barely profitable fairly low volume manufacturer. It has just a couple models, and other manufacturers have just one model of many which sell as many and then they also have entire business lines Tesla doesn't. Even Tesla's core auto business is only "profitable" due to government incentives such as green credits, and it isn't obvious they're guaranteed to continue.

I saw a video this week suggesting that stocks have 2 modes: "voting machine" and "weighing machine", and while Tesla has been winning the irrational "voting machine" game for a long time, it's probable the game will change at some point and it'll mean a huge reduction in market cap because the company isn't sanely valued.

Unlike a lot of people who flipped because the media told them to (or because they like or don't like his current politics), I've been telling the same story for years, because it was true, is true, and likely will continue to be true in the near future.

God, that would be funny.