![](https://i.imgur.com/CLvY2jA.png")
14-12-2022, 01:24 AM
The whole EV sector is re-rated.
Valuations will eventually converge to that of traditional car makers because falling margins means there is little difference between the two.
BYD is around 3 times overvalueed and can fall 60%>
But Tesla is around 7 times overvalued due to hype and has a long way down.
Never ever hold on to a sector Buffett is exiting. He held for 14yrs so there is a good reason for him to sell EV related stocks.
![[Image: AmJER2L.jpg]](https://i.imgur.com/AmJER2L.jpg)
Tesla drop from 400 to 158...but is still crazy expensive
as a car maker
In 2020 it was pumped up by YouTubers many of whom also promoted FTX and cryptos. It was a scam to lure ignorant investors. Those who were. .smart took the chance to get out at high price before the stock collapsed.
![[Image: yDTLMCR.jpg]](https://i.imgur.com/yDTLMCR.jpg)
Valuations will eventually converge to that of traditional car makers because falling margins means there is little difference between the two.
BYD is around 3 times overvalueed and can fall 60%>
But Tesla is around 7 times overvalued due to hype and has a long way down.
Never ever hold on to a sector Buffett is exiting. He held for 14yrs so there is a good reason for him to sell EV related stocks.
Tesla drop from 400 to 158...but is still crazy expensive
as a car maker
In 2020 it was pumped up by YouTubers many of whom also promoted FTX and cryptos. It was a scam to lure ignorant investors. Those who were. .smart took the chance to get out at high price before the stock collapsed.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
