In a market that has turned against high valuation, Tesla's 125 PE is it's biggest headwind.
Only hot money is keeping this stock floating. Hopefully this continues as the possibility of a 30% drop like $NVIDIA Corp(NVDA)$and $Amazon.com(AMZN)$is very possible.
Elon's cut job posting is very smart. Hopefully he encourage others to cut workforce. Cooling the US employment rate and therefore reduce the Fed's hawkishness and promote a market rebound.
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