Have you ever asked yourself how much these small companies other than Tesla would compete with big names which showed up with their fully electric cars in the 2021 Auto shanghai show??? Especially Toyota bz4X and Volkswagen?
Some may think after a 60-90% price crash there is nothing left for more correction, but I believe many companies will file for bankruptcy in less than the next 5 years! So it is better to Forget the return to time highs and take what is left. Even Tesla will experience a huge correction.
Tesla's market cap (660B) could not be more than Toyota's(210B), time will prove it..!
Keep in mind a bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Educational article:
Bubble:
https://www.investopedia.com/terms/b/bubble.asp
Some may think after a 60-90% price crash there is nothing left for more correction, but I believe many companies will file for bankruptcy in less than the next 5 years! So it is better to Forget the return to time highs and take what is left. Even Tesla will experience a huge correction.
Tesla's market cap (660B) could not be more than Toyota's(210B), time will prove it..!
Keep in mind a bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Bubble:
https://www.investopedia.com/terms/b/bubble.asp