I should have gone with my common-sense and shorted this long ago. I could never understand then (nor now) why the fuck a stupid treadmill company had such ridiculous evaluations and was jacking up like a utility company that just installed the world's first fusion reactor. Who the FUCK bought this at over $160 a share? Really? She's just a couple bucks off from single-digit territory now and then a de-listing after.
Someone like Cathy Woods i guess. That was near the top of this most recent tech bubble. Although the major indices didn't top until late 2021. This latest tech bubble, in the most speculative tech stocks, topped in early 2021. Just look at the ARKK fund chart. It was like 1999 and early 2000 all over again, in fact things were even more crazy this time.
With regular unleaded nearing 5 bux per gallon national average, I bet there are a lot of people out there considering switching to all-electric, like Teslas. Even with NG at record highs. By the way, did you see that blurb about Musk possibly becoming the world's first trillionaire in two years? Just nuts! https://www.zerohedge.com/news/2022-06-02/elon-musk-set-become-trillionaire-2024-will-he-buy-twitter
tesla real issue is competition. BMW and Audi are coming out with great cars. Tesla has insane valuations that most probably will come down to earth.