On paper the valuation is too high already. 1 car sold for every 500k US$ investor's money... That car is sitting on very hot speculated money. The company sit on high pile of cashes, adding more has no more benefits for the company anymore.
Tesla shares fell 9% in Frankfurt Stock Exchange
Tesla shares fell 9% in Frankfurt Stock Exchange.
Elon Musk at the weekend asked Twitter users to decide whether he should sell more than $20bn worth of his Tesla shares and pay tax — and the online crowd responded with a resounding “yes”.
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