If I’m a shareholder, I don’t want an overly inflated stock price. I want a high stock price due to solid fundamentals. Tesla was temporarily extremely overvalued, but has since lost 60% of its market cap. It’s likely still overvalued compared with peers. It’s a car company, not a b2b SaaS company.
Put another way, which company is more likely to exist in 10 years: Microsoft or Tesla?
Not sure why you are down-voted. If you are an investor, you want a fair price when you buy. Think of going to a store, when there is a sale and prices are below value of a product, it's smart to buy. Same goes with stocks.
Put another way, which company is more likely to exist in 10 years: Microsoft or Tesla?