The stock market is clownicized. That the flagship product of this company being dogshit, whose intrinsic value can’t exceed 10 billion didn’t tank the stock price that is currently valued at 1.5 trillion dollars, that gave the ceo 60 billion for hyping the stock price without producing actual income to justify that, well, it speaks for itself.
I would argue our bail outs are a factor in this, investor’s don’t fear a major downturn and are more reckless, knowing any large losses will be socialized from the backs of working people, their victims, while all gains are privatized.
Price to earnings is a sanity check. There is no sanity here (Tesla), nor does it apply to many such corpos, line must go up! The only sanity is (insider) knowing enough to get out at the right time, if you don’t, you’re the product (fattened pig).
The stock market is clownicized. That the flagship product of this company being dogshit, whose intrinsic value can’t exceed 10 billion didn’t tank the stock price that is currently valued at 1.5 trillion dollars, that gave the ceo 60 billion for hyping the stock price without producing actual income to justify that, well, it speaks for itself.
I would argue our bail outs are a factor in this, investor’s don’t fear a major downturn and are more reckless, knowing any large losses will be socialized from the backs of working people, their victims, while all gains are privatized.
Price to earnings is a sanity check. There is no sanity here (Tesla), nor does it apply to many such corpos, line must go up! The only sanity is (insider) knowing enough to get out at the right time, if you don’t, you’re the product (fattened pig).