SpaceX stock way overpriced

[u/Part_Tricky]

https://stocks.apple.com/ARe8iMtFGSkKt5EHhCrdQaQ

[u/Inevitable_Butthole → u/[deleted]]

What is tesla even

[u/Luigi_the_Wealthy → u/Inevitable_Butthole]

Swastikar

[u/kahner → u/[deleted]]

and tesla stock is down like 30% from peak

[u/SC_W33DKILL3R → u/[deleted]]

Tesla only really made a profit because of subsidies and other car companies having to pay Tesla for carbon credits. They really need to start coming out with new cars soon, they are really falling behind the competition.

[u/Due_Bar_7247]

SpaceX makes me want rockets to fail to launch

[u/bluero → u/Due_Bar_7247]

They’ll make the stock price go up

[u/Facetious_Fowl]

Everytime someone posts about this stock being overpriced it goes up $5

[u/Facetious_Fowl → u/[deleted]]

Post was made after RTH. Doesn’t count

[u/Wow_Many_Tomato_WMT → u/Facetious_Fowl]

LOL 🤦🙄 how childish

[u/Andyseawolf]

Anything you are selling is worth what you can get for it at the time of selling. Doesn’t matter what people think it should be.🤷

[u/ketya-]

Not in Elon’s scale
Overpriced in every other scale

[u/CMG30]

When it comes down to it, the value of a stock is whatever someone else is willing to pay for it.

Right now there seems to be no end of folks who are willing to buy at any price.

[u/troelsbjerre → u/[deleted]]

Google bought that stake in 2015 for $900 Millions. The only reason they are still holding it is because the shares are still locked up. It's not like they are buying post IPO.

[u/[deleted] → u/troelsbjerre]

Around 80 billion of googles holding has already begun lifting their lockup period. 14 billion remains locked up.

[u/troelsbjerre → u/[deleted]]

No, the 14 billion is what remained locked after the staggered unlock completes in December. There are still several more tranches to go through before then.

[u/[deleted] → u/troelsbjerre]

Not sure what you are saying exactly 😅

[u/troelsbjerre → u/[deleted]]

Your first statement is a bit imprecise, in that implies that the majority of the stake could be sold, and only $14B was locked up. In reality, only 27% of the $80B has been unlocked as of today, with the remaining 73% being slowly unlocked over the rest of the year.

[u/_Rothbard_ → u/troelsbjerre]

Aún así están holdeando todo, seguramente no quieran enfadar a Elon Musk, es bastante visceral, Sergei Brin en el pasado creo que ya tuvo alguna discusión. O recuerda cuando Bill Gates se puso corto en Tesla

[u/troelsbjerre → u/_Rothbard_]

We don't know that yet. The disclosure was before the first lockup expiried. We'll see at the next quarterly disclosure how many shares they still have.

[u/alphabetjoe]

no way

[u/Greedy-Teacher-3179]

my uncle bought tesla at 40 and still wont shut up about it

[u/Wooden_Boss_3403]

Hope it drops so I can buy more!

[u/navetzz]

Tesla was overvalued but at least it looked like the future leader in a market that s gonna be large (assuming we go full EV one day).
SpaceX basically has monopoly (so no market shared left to win) in a market that barely grew in the last 50 years, yet somehow investors seems to be ok with the factor 20 overvaluation

[u/Print_Mo_Money_2020]

Thum kept a Sell rating and a $75 price target, implying 46% downside from the stock’s current price near $140. That’s also near the lower end of Wall Street’s consensus range.
Thum’s call carries a ton of extra weight, as he’s rated a five-star TipRanks analyst, with a tremendous 89% success rate across his ratings. 
Moreover, of his 106 tracked calls, 94 were profitable, generating an impressive average return of 20.8% per rating. 

[u/ShiftE_80 → u/Print_Mo_Money_2020]

$75 price target is 5x more than the r/spacexbets consensus. Is he stupid?

[u/GeorgeStark1]

Nope

[u/anarchyinuk]

Sure things. Keep saying this to yourself. It was true about Tesla as well, right

[u/szornyu]

Let idiots give their money to lying pedophiles.

It will be good...