Currently, yes. Long term, TBD...
The entire market is overpriced. It has been for a few years. Im sure its a well-timed approach to manipulate and affect future events. Most folks know/realize that the economy has a natural cyclic behavior to it, no different than the seasons of the year.
Tesla, IMO was overpriced given the lack of industrial might, compared to the valuation of say, a real major automaker with far more lines of vehicles and more industrial capability. Tesla is based upon some vanity of a luxury product and valuation of a software approach. But all of that is for now. As they build more lines of vehicles, and keep building factories, theyll have more basis for valuation. Im still not a believer on the long-term prospects based upon a backlog of orders and current sales. But that has been discussed elsewhere.
I think that TSLA will have a good deal further to fall when the market corrects, and/or the economy contracts. I suspect we will see some sort of recession over the next year or three, be it due to the deep state, natural cycles, or man-made events. It just tends to happen on a cyclic basis. Its not easy to try to pick the bottom, but TSLA will probably be a better buy in the future, IMO. And if its not, Im dollar cost averaging it as part of index funds.
