The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.
__patchbit__•59m ago
SpaceX will cocoon the planet with next level new accelerated technology the way baseload grid electricity supply took 300 years to achieve.
tennfown•57m ago
Did they teach you to write words so vacuous in your marketing undergrad?
AnimalMuppet•47m ago
In a word, baloney.
What, exactly, is the "next level new accelerated technology"? That's a lot of hype-y buzzwords, but what does it mean? What's the actual technology?
Starlink? I mean, we already have internet. Is Starlink that much better, to deserve this glowing description?
Or is it some other tech? If so, what is it?
If you can write that glowingly, can you put some substance behind it? Or is it just hype?
small_model•24m ago
Either the stock market is reflecting reality (millions of traders with information) or you are right and it's wrong. I would bet a Trillion dollars it's because you hate Elon/anyone who does agree with your woke agenda.
TrackerFF•7m ago
I live in a country (Norway) which has been a early-adopter market for EVs. In 2014 Tesla cars were endemic, you could see them everywhere. I was a big believer in Tesla cars.
But things obviously changed. We're still a lead market as far as Tesla sales go, but right now it is just another car. There's absolutely no rationale to automatically go for Tesla.
Which is why I find it incredibly difficult to see how Tesla is valued. The Tesla market cap is more than all other EV producers combined.
Musk evangelists will now yell "Self-driving cars! AI! Robotaxi!", and rationalize that the value behind Musk is potential. The potential that his products will be some fantastical thing in the future.
rendang•16m ago
If you're right, that's great news for you, as you can make tons of money buying Spacex puts
UncleMeat•4m ago
Not if people continue to have the 100x premium on Musk. Puts only make sense if the market returns to rationality.
newaccountman2•7m ago
There is no reason to be surprised investors aren't always that rational, though it is weird how extra giddy they are to simp for Musk in particular.
Company literally does not make money, and his other major company is getting dumpstered in its market too.
king_zee•1h ago
I've read somewhere that even some janitors / lunch ladies became millionaires from their shares. Looking then at the great performance of some other stocks, I really wonder where we're headed
LarsKrimi•44m ago
Congratulations to the US. I'm sure it must be nice to have a trillionaire
I wish my country had a trillionaire. That would give my day to day life meaning
TrackerFF•1h ago
__patchbit__•59m ago
tennfown•57m ago
AnimalMuppet•47m ago
What, exactly, is the "next level new accelerated technology"? That's a lot of hype-y buzzwords, but what does it mean? What's the actual technology?
Starlink? I mean, we already have internet. Is Starlink that much better, to deserve this glowing description?
Or is it some other tech? If so, what is it?
If you can write that glowingly, can you put some substance behind it? Or is it just hype?
small_model•24m ago
TrackerFF•7m ago
But things obviously changed. We're still a lead market as far as Tesla sales go, but right now it is just another car. There's absolutely no rationale to automatically go for Tesla.
Which is why I find it incredibly difficult to see how Tesla is valued. The Tesla market cap is more than all other EV producers combined.
Musk evangelists will now yell "Self-driving cars! AI! Robotaxi!", and rationalize that the value behind Musk is potential. The potential that his products will be some fantastical thing in the future.
rendang•16m ago
UncleMeat•4m ago
newaccountman2•7m ago
Company literally does not make money, and his other major company is getting dumpstered in its market too.