This is what happens when we let the unwashed masses buy stocks for free. We saw it coming and we shouldn't have let this happen.
Reddit's GameStop, AMC surge is the new Occupy movement
161–170 of 281 posts
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#162Good. 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…
You are confused. Deriving prices from actual earnings and fundamentals isn’t inherently better than people simply agreeing on what a share is worth based on their own feelings and information. One just rises quicker than the other, because it takes in account expected future values.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#163Good. 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.
I suspect your confusion is based largely on the fact that you are outside the US. In the US driving is quite a bit different from much of the rest of the world.
#1 Driving is a big part of the culture and big cities are often pretty far apart.
#2 The electric charging infrastructure sucks. Tesla is seemingly the only network where you can drive 500 miles and be confident when you stop that a charge will actually take 20 minutes.
#3 Americans like big ass cars because ???
Most of the EV competitors here in the US are small cars and most have ranges which are far lower than Tesla's. Even though most people rarely drive more than 50 miles a day, a lot of people are sketchy about getting into a car with 150 mile (320km) range. There are newer cars which are coming out that are closer, but many are either more expensive than the Teslas, have shorter range, or both.
And I expect a lot of people are going to buy those non-Tesla options for $60-80,000+, and have a really unpleasant road trip the first time they get out and can't find a decent charging station.
The result is the Tesla is pretty dominant here for EVs and frankly I don't see that changing for some time unless the charging situation changes.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#164They're talking about Occupy like it was a bad thing.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#165Earlier quoted context omitted.
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.
Sure, it is growing, but if the Tesla stock price is triple that of Toyota, it suggests that the profits are expected to be more than triple of Toyota’s. However, once you get as big as Toyota, there is much less market space to grow into than right now.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#166Earlier quoted context omitted.
And what if there is coordination? Are you not following the news today at all?
If there is coordination among licensed participants, I’m sure we will see some punishments doled out.
Just like all those punishments that were doled out in 2008, gotcha.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#167Earlier quoted context omitted.
What did happen around 1979 to have such a clear change?
A lot of things happened. Reagan lowered taxes, increasing the incentive to move money out of your buisness and into other investments. Globalism startedly picking up, meaning a lot of wage growth for the lower classes was outsorced to other countries instead of kept in America. The graph doesn’t capture how total employee compensation has risen a bit more than in that graph due to the explosion of costs in the Ameri…
> increasing the incentive to move money out of your buisness and into other investments
how does lower taxes incentivize moving money out of businesses? What investments were they moving into?
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#168Earlier quoted context omitted.
So does Toyota, which makes more things that more people want to buy, and yet is only valued at a quarter of Tesla.
Toyota isn't an energy company. It doesn't develop its own battery technology that applies to much larger markets than automobiles. Not to mention charging infrastructure and self-driving. That's like comparing Amazon to CVS because CVS sells goods too. Meanwhile Amazon is aimed much more broadly.
> Toyota isn't an energy company.
Toyota Tsusho has engaged in the renewable energy business for more than 30 years, from development to operation of power stations, with a focus on wind power and solar power generation. The company plans to make use of its expertise in management of such business in this project in order to foster the transition to a low-carbon society.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#169It’s terrifying because so many people have retirement funds tied up in stocks and this has the potential to decrease everyone’s trust in the idea of stocks.
There are people that "trust" stocks? To me it's always been a somewhat stupid casino game for the rich to rig.
It's a casino if you're buying individual stocks and trading on a daily basis.
But if you're saving for retirement by putting x% of your income into an index fund? That's pretty conventional, most people with retirement savings do something along those lines.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#170Earlier 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.
What country? I've seen Tesla chargers at more than nine gas stations here on the east coast. I drive a lot of highways. Sometimes it's just one or two, sometimes it's a row of several. It certainly does seem like there are hundreds of Supercharger stations in the US.
There are currently ~970 stations in the US. They should top 1k sometime around April, if not a little before.