I think so. IMO Tesla is overvalued right now. The current valuation prices in a lot of assumptions about things in the future working out as planned. I think they certainly have the potential to “grow into” the current valuation, but there are macroeconomic and geopolitical forces at work that could still tank Tesla even if it manages to execute it’s plans without any failures on Tesla’s end.

Having a stock valuation that’s significantly higher than what it ought to be is actually dangerous for a company. It can cause a severe backlash that can severely undervalue the company. Companies are happiest if their stock has a less-volatile range that closely matches the real value of the company. So yes, Mush could be tamping down unrealistic expectations, which is appropriate and wise.

@gorillapaws I agree with you 100%. Most investors know that announcements of new technological improvements will take months, if not years, to be implemented However, Tesla has become the darling of robinhood investors. These guys are basically momentum investors, and they have no understanding of how a stock typically behaves.