I wonder what the effects of TSLA dropping to reasonable levels (a drop of about 90%) would look like.

Morgan Stanley said that SpaceX's space activities are only worth $8 per share...

	▲	fragmede 5 hours ago \| parent \| next [-]
		Morgan Stanley's target price for SPCX in their report is $300, with $8 being the space component, and the $292 being everything else, like what actually gets put into space. The Morgan Stanley report doesn't say SPCX is worth $8/share. Just wanted to be clear and not have a conversation based on vague implications.
	▲	rapsey 5 hours ago \| parent \| prev [-]
		Most people here seem to have a serious misunderstanding of what a stock price means. It reflects investor expectations. Not current revenue.