31–40 of 54 posts
The trillion dollars didn't exist before so why is it a problem that it doesn't exist now? While market cap is a popular number, it isn't meaningful wrt "total value" because the marginal price has no useful relationship to the average price.
To be a bit rhetorically excessive, you didn't exist before your birth so why would it be a problem for you to stop existing now?
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this comment will not age well ... at the currently stock price of 900 dollars.
You are correct: as soon as people get wise to Tesla's actual competitive position in the car business, share price will collapse. After that time, predictions of collapse will instead refer to past activity, and its subsequent future will be less predictable.
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Isn't that what the federal reserve is being doing for the last decades?
I know ... just let anyone act like the federal reserve for fun and profit. 12,000 cryptocurrencies and "stable coins" later (the number doubled over the last year) --- does anyone really feel like the problem has been fixed?
The trillion dollars didn't exist before so why is it a problem that it doesn't exist now? While market cap is a popular number, it isn't meaningful wrt "total value" because the marginal price has no useful relationship to the average price.
A lot of wealth transfer can happen under the rise and fall of a net zero asset. To be a bit rhetorically excessive, you didn't exist before your birth so why would it be a problem for you to stop existing now?
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this comment will not age well ... at the currently stock price of 900 dollars.
"The market can remain irrational longer than you can remain solvent."
We are now in the position of Wile E Coyote having run off the cliff, but not yet looked down.
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You are correct: as soon as people get wise to Tesla's actual competitive position in the car business, share price will collapse. After that time, predictions of collapse will instead refer to past activity, and its subsequent future will be less predictable.
So where do you think the stock price is going to bottom out?
Soon electric cars will not be a novelty, and Tesla's poor build quality, poor reliability, and poor repairability will start to be remarked upon.
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Is Tesla an actual con though? Sure it's over valued. And self driving is being over sold. And many announced products appear to be vapourware. And the CEO is. Well. But it is an actual business, bringing in actual money, and the money appears to be correctly accounted for.
>[despite its flaws, Tesla is] an actual business, bringing in actual money... This exact same reasoning applies to drug dealers (illicit and BigPharma), sex dens, and other perverse corruptions (both sanctioned and not). I think the reasons you list as Tesla's faults are reason enough to look elsewhere (for a car or stock investment). But, if your reasons are not enough, consider E.Musk's primary stated reason for r…
Even O'Neill Can Donuts make more sense.
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So where do you think the stock price is going to bottom out?
Some reasonable multiple of actual net revenue. Not to zero, anyway. Soon electric cars will not be a novelty, and Tesla's poor build quality, poor reliability, and poor repairability will start to be remarked upon.
We are years away from that happening. And someone is going to have to start producing a lot more batteries before it happens.
"Tesla's poor build quality, poor reliability, and poor repairability will start to be remarked upon."
Where numbers are you referencing here. Just because a few loud people on the internet complain about these things doesnt mean it endemic. Is it not more likely that most Tesla customers are extremely satisfied with their purchase and just dont post about it online?
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I know ... just let anyone act like the federal reserve for fun and profit. 12,000 cryptocurrencies and "stable coins" later (the number doubled over the last year) --- does anyone really feel like the problem has been fixed?
Just because you can clone Facebook doesn’t mean you get a valuable user base
The only thing restraining the creation of crypto is the fact that it is virtually unusable as an actual currency. If it were otherwise, every celebrity, politician and corporation would just mint their own continuous stream of the stuff. There is nothing to stop them.
Productive work would become obsolete. Why work to "earn" money when you can just mint it? A lot of life's major problems could be solved instantly by crypto. If you buy this, I've got some crypto to sell you.