Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
$185 is still way above the already ridiculous IPO price of $135. If this market made any sense, it wouldn’t have gotten this high in the first place, but since we’re here, it should really continue dropping. However, knowing how this market is, I wouldn’t be surprised if this is just a momentary dip before going back up for some dumb made-up reason.
$185 is still way above the already ridiculous IPO price of $135. If this market made any sense, it wouldn’t have gotten this high in the first place, but since we’re here, it should really continue dropping. However, knowing how this market is, I wouldn’t be surprised if this is just a momentary dip before going back up for some dumb made-up reason.
Yeah, unerring faith in the magical powers of Elon continues to be a hell of a drug. Tesla does not remotely justify its current valuation either.