Krugman compared Tesla’s stock to a coin Bitcoin encrypted, and he believes that each of them gains its value from the hype and exaggeration raised around them.
He said that Tesla’s value does not rise to companies such as Apple or Microsoft and other major technology companies, which have influential applications and services that are spread around the world.
According to Krugman, Tesla faces increasing competition in the manufacturing sector Electric cars Big companies like Ford and General Motors. And she asks, saying: How will Tesla dominate its market and achieve great profits when the enthusiasm for its products fades.
Little share "Tesla" It had increased more than 13 times between the beginning of 2020 and November 2021, but it has fallen by about 73 percent since then, which plunged the company’s market value from more than $1.2 trillion to less than $360 billion.
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In an article published by the American New York Times, entitled “Was it a story Tesla Makes sense at all?” Krugman said, “It is given behavior mask towards TwitterI wouldn’t even trust him to feed my cat… let alone run a big company!”
Krugman compared Tesla’s stock to a coin Bitcoin encrypted, and he believes that each of them gains its value from the hype and exaggeration raised around them.
He said that Tesla’s value does not rise to companies such as Apple or Microsoft and other major technology companies, which have influential applications and services that are spread around the world.
According to Krugman, Tesla faces increasing competition in the manufacturing sector Electric cars Big companies like Ford and General Motors. And she asks, saying: How will Tesla dominate its market and achieve great profits when the enthusiasm for its products fades.
It is noteworthy that Tesla’s share had increased by more than 13 times between the beginning of 2020 and November 2021, but it has fallen by about 73 percent since then, which has dropped the company’s market value from more than $ 1.2 trillion to less than $ 360 billion.