Title. It occurred to me that despite not wanting to support musk or some other American businesses because of their recent change in policies, I’m still holding a stake in those companies.
Title. It occurred to me that despite not wanting to support musk or some other American businesses because of their recent change in policies, I’m still holding a stake in those companies.
In other words, is an integral part of our society that we’ve all collectively invested a lot of money into, for a lot of benefit.
Almost as if the cars have value beyond a status symbol or signal of political allegiance.
It’s an overvalued meme stonk pushed by Tim Urban’s 2015 Musk propaganda pieces and WSB, supercharged by Twitter Muskapades during the very strange COVID-induced market wildfires.
The price is fueled by retail gambling, with the cult of personality and [false] idealism of the company lending it stamina that finally seems to be ailing.
Tesla’s stratospheric P/E ratio is ridiculous.
So you’re saying a price-to-earnings ratio of ~90x over the last five years is a reasonable valuation… when their competitors are historically closer to… 6x?