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Musk: Tesla may be overvalued at the moment, but its share price will be higher in five years

via:CnBeta     time:2020/9/29 6:00:40     readed:64

Tesla shares have risen more than 400% this year, but its chief executive, Elon Musk (Elon Musk), said in an interview that he thought the company "would be higher in five years ". "I guess some key markets have come to the conclusion that Tesla will succeed ," Musk told Tesla's stock price rise.


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"I've said before that Tesla's share price has been high, and I've said it a long time ago before it reached its current level. But if you ask me, do I think Tesla's share price will exceed its current level in five years? I think the answer is "yes ."

In May, Musk wrote on social media that Tesla's share price was "too high" and that day Tesla's share price fell 12 percent. But tesla's shares have risen nearly 200% since his comments.

Musk also said :" In this case, Tesla is not as deadly as three years ago ." "What Tesla can achieve is to achieve mass production and have sustainable positive free cash flow ," he added. From the auto company's point of view, this is Tesla's real achievement ."

"Tesla should be measured in terms of" how many years has the advent of sustainable energy been accelerated, "Musk said

On Battery Day last week, Musk confirmed that Tesla was producing its own batteries at the Fremont plant and predicted that Tesla would make a $25000 self-driving car in three years.

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