Earlier quoted context omitted.
It's hilarious seeing this comment the day after a busy HN thread titled, "Tesla’s charging stations left other manufacturers in the dust" ( https://news.ycombinator.com/item?id=25930253 ). (I am ambivalent towards Tesla.)
I've never really seen a Tesla charging station, so I don't really have any feelings about it. I've heard that there are nine of them in the country.
Reddit's GameStop, AMC surge is the new Occupy movement
101–110 of 281 posts
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#102Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…
> I'm tired of fake Economics where the value of a company or the product is not made from the real value of it I still don't understand how Tesla is valued so high when they're still figuring out panel gaps.
Tesla will figure out panel gaps before GM can figure out OTA updates
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#103Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…
> I'm tired of fake Economics where the value of a company or the product is not made from the real value of it I still don't understand how Tesla is valued so high when they're still figuring out panel gaps.
This year Elon had a massive performance bonus tied to stock value. The required value was so insanely high that when it was set and made public, some analysts thought it was a PR stunt. But the stratospheric rise of Tesla stock meant that he actually achieved this goal.
I'm not saying that there's definitely something nefarious there, just that there were some perverse incentives that make the situation feel a little bit suspicious.
But Tesla was also another "meme stock" that /WSB has loved to promote.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#104Earlier quoted context omitted.
You know who else makes things that people want to buy? Toyota, VW, Honda, Ford, GM, BMW, Mercedes. Tesla is worth more than all of those combined.
But people _want_ to buy electric. They always have if you think about it. TSLA just proved we can do it and built the infrastructure to make it compete with ICE. The market is speculative by nature. Tesla is valuable because people _want_ it to be.
>But people _want_ to buy electric.
I'm not fully convinced that this is true unless it's true in the same fashion as "everyone wants to buy a Ferrari".
Most people I've come across just want to buy a cheap car that gets them from place to place.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#105The only thing more ridiculous than the rise in the GME stock are these attempts to frame this is some sort of culture war. All this is is a bunch of people on an online forum trying to make a quick buck; it's not some grand statement against Wall St. or whatever.
The culture war thing is so mystifying with this especially since like Wall Street bets on both sides. So when you're pumping some random stock for supposed ideological reasons you're probably helping a bunch of Wall Street firms with bets on that side.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#106Earlier quoted context omitted.
Tesla is one of the few modern companies whose value actually makes sense to me. They actually make something! that people want to buy! that's way better than most of ad-tech which seems like a multi-layered pyramid scheme.
So does Toyota, which makes more things that more people want to buy, and yet is only valued at a quarter of Tesla.
...and they've been making the same number of them for 10 years now, so it's entirely stable and normal. Their stoke price grows a little each year to reflect that "stability".
Tesla, on the other hand, are growing >50% each year, and it's going to continue for at least a couple more.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#107Earlier quoted context omitted.
I've never really seen a Tesla charging station, so I don't really have any feelings about it. I've heard that there are nine of them in the country.
https://supercharge.info/map https://www.tesla.com/tesla_theme/assets/img/supercharger/ne...
Nine it is.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#108Earlier quoted context omitted.
Be careful what you wish for. The upper classes tend to recover from these crashes much more rapidly than the lower classes do.
Bailouts for big companies owned by the rich, $2k paycheck (if lucky) for the rest.
This comparison is unfair. The cost of just the first stimulus checks was ~269b[0] and the second ~ $464b[1] and these are the lower estimates I've seen. For comparison the 2008 bailout cost ~498b[2][3], possibly less after the government made some of it back. So no, the government isnt spending more on bailouts for the rich than on covid relief for the rest.
0. https://www.pgpf.org/blog/2021/01/what-to-know-about-the-sec...
1. http://www.crfb.org/blogs/how-much-would-2000-checks-cost
2. https://mitsloan.mit.edu/ideas-made-to-matter/heres-how-much...
3. https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#109"terrifying". That seems way over wrought.
Yeah. I fail to see what is terrifying about this...?
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#110"terrifying". That seems way over wrought.
In the modern age, everything inspires terror to journalists and Internet commenters.