Tesla's stock is cratering - and Paul Krugman blames Elon Musk's Twitter antics. Here's what Jeremy Siegel, Cathie Wood and other experts think is really happening.
"The problem with Tesla was always the price, and I think that's the bottom line,", referring to the EV maker's valuation — a calculation of how much the company and its stock is worth.
"Every stock that was sent up over 50 times earnings performed extremely poorly in the future. It's the price, it's not the company, that causes investors problems," Siegel said. Musk fan Wood said Tesla's stock has"miles to run" and could rise to $1,500 in the next five years., going on to refer to price cuts on Tesla's models.
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