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Reddit's GameStop, AMC surge is the new Occupy movement

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Re: Reddit's GameStop, AMC surge is the new Occupy movement

#221

Post by ogre_codes »

_ea1k wrote: post #183
xyzzyz wrote: post #65

Earlier 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.

I feel like the questions around Tesla's valuation are two-fold. The question as to why Tesla is so high is obvious, but the secondary question is why are existing automakers so low? Why is the market cap for existing automakers lower than total revenue?

It's becoming extremely clear that EVs are the future of automobiles.

Toyota, GM, VW, Ford, etc have spent most of the past 10 years telling us that EVs are a joke. Why would you want to invest in management that missed such a pivotal industry turning point?

They weren't just slow to move to EVs, they mocked them.

People have been saying for years that these companies can pivot, but it turns out to sell EVs you also need to invest in infrastructure and right now that infra (at least in the US) is a shambles.

So right as we're on the elbow of the adoption hockey stick, Tesla is the only company really positioned to capture that growth well.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#222

Post by skykooler »

throwaway894345 wrote: post #195
totalZero wrote: post #151

Earlier quoted context omitted.

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.

I don't think I've ever seen one, and I live in one of the largest US cities. Granted, I'm sure they're around, and I'm not carefully looking for them, but they're far from ubiquitous around here.

Typically they're not installed in cities, but rather on connecting roads between cities.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#223

Post by zoomablemind »

simonh wrote: post #127
anthk wrote: post #3

Good. 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…

A few punters losing money on GameStop stock (and an awful lot of them will lose), and possibly some hedgies taking a minor trim, is hardly going to bring down our system of economics. Bear in mind all but a few of these small investors haven't made a single penny. They only make money when they actually sell, and as soon as a significant number of them do sell the price will fall and the money the others think they…

I'd wonder, if given the market dynamics, the whole sharade will unwind into even lower price of the underlying stock than at what it was before the "activity". I can't see how this could help GME or other stocks picked for this ride.

I totally get the emotional value of these stocks and the hit they took due to the pandemic. This just feels that they are used as pawns and somehow this recent emotional tension is being harvested for some other than the proclaimed purpose (to support the stocks).

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#225

Post by zaroth »

driverdan wrote: post #148
anewaccount2021 wrote: post #102

Earlier quoted context omitted.

Tesla will figure out panel gaps before GM can figure out OTA updates

A vehicle should never need an OTA update and shouldn't have a mechanism to automatically receive one.

Because a product is at its peak ultimate performance on release day, and nothing can ever be done to improve it from that point forward?

This is what people who don’t get OTAs don’t understand about OTAs. The car gets better every month. Literally faster acceleration, longer range, quicker braking, tighter suspension, fuller featured, more useful and overall more fun. Every month, just like magic.

Versus tradition auto which forgets you exist as soon as you make the down payment, and if you want something better you have to buy the latest model.

Free upgrades to your car and always having the latest model features is actually really freaking cool. Then they go further an even support 1st party hardware upgrades for late model vehicles to get the newest MCU or AP hardware, which is also unheard of in the industry.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#226

Post by dd36 »

totalZero wrote: post #209
dd36 wrote: post #175

Earlier quoted context omitted.

Toyota et al are great at press releases and compliance cars. The fundamental difference is Tesla sees these things as opportunities and the old guard sees them as annoyances they have to feign concern for. That's why Tesla is eating their lunch. Walmart was always just about to crush Amazon...

TSLA market cap is huge but it's a stretch to say that Tesla Motors is eating Toyota's lunch. The point isn't the press release, it's that Toyota has spent decades doing what you say they don't do.

Toyota is not in any way shape or form operating at anywhere near the same level on the energy side as Tesla. When it comes to electric cars and technology, Tesla absolutely is eating Toyota's lunch despite Toyota having been in a better position a decade or more ago. The Model 3 took a bite out of Lexus' sales. Electric cars are the future. That cake is already baked.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#227

Post by kleer001 »

gher-shyu3i wrote: post #186
protomyth wrote: post #10

Shorting a stock 140% is the market manipulation and should be criminal. Anything a large group does after some hedge fund pulls that stunt is fair game.

Events like these make it clear why the vast majority of Wall Street practices are banned in Islam (including shorting). It's a terrible predatory practice that is not just gambling, but also creating artificial risk that does not correspond to the value being created from such transactions. This can easily collapse the entire market as we already saw in 2008 and many times before. The sooner we prohibit these terrib…

I really love the way they do home buying. Basically no-interest, but also no opportunity for mortages. The bank owns the house until you've completely paid it off.

I looked a little but couldn't find a longer article explaining it in more detail, but it should be easy enough to search out for interested parties.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#228

Post by Dirlewanger »

xyzzyz wrote: post #65
ajkjk wrote: post #60

Earlier 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.

Because people don't only invest in stocks because of the "fundamentals", they invest in people and hype and all sorts of other reasons.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#229

Post by cobookman »

zoomablemind wrote: post #223
simonh wrote: post #127

Earlier quoted context omitted.

A few punters losing money on GameStop stock (and an awful lot of them will lose), and possibly some hedgies taking a minor trim, is hardly going to bring down our system of economics. Bear in mind all but a few of these small investors haven't made a single penny. They only make money when they actually sell, and as soon as a significant number of them do sell the price will fall and the money the others think they…

I'd wonder, if given the market dynamics, the whole sharade will unwind into even lower price of the underlying stock than at what it was before the "activity". I can't see how this could help GME or other stocks picked for this ride. I totally get the emotional value of these stocks and the hit they took due to the pandemic. This just feels that they are used as pawns and somehow this recent emotional tension is bei…

GME could issue shares and get a large cash infusion into its business. GME could sell some of its shares to get a large cash infusion into its business.

Their market cap 19x'd up to ~19B. Having a 1B cash infusion into the business isn't crazy. Imagine what 1B of investment into Gamestop could achieve.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#230

Post by hh3k0 »

scatters wrote: post #219
gher-shyu3i wrote: post #186

Earlier quoted context omitted.

Events like these make it clear why the vast majority of Wall Street practices are banned in Islam (including shorting). It's a terrible predatory practice that is not just gambling, but also creating artificial risk that does not correspond to the value being created from such transactions. This can easily collapse the entire market as we already saw in 2008 and many times before. The sooner we prohibit these terrib…

Ah, because countries with Islamic finance are renowned for the strength of their economies. The Catholic Church prohibited usury across Europe until the invention of the contractum trinius, allowing the economic revolution that powered the Renaissance and the transition to modernity.

> Ah, because countries with Islamic finance are renowned for the strength of their economies.

As opposed to the Western world and its traditional decennial world-threatening financial crisis?

And the ever-widening gap between rich and poor?

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