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Molly Shah@mommunism.bsky.social |
The fact that Tesla is (or maybe was it’s been a rough month) valued higher than all other US car makers COMBINED remains one of the most bonkers things. It’s mostly based on finance people thinking Elon is magical which tells you all you need to know about finance imo
15 replies 103 reposts 430 likes
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Jay Dee
@jayinthesky.bsky.social
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Many of them seem to be having second thoughts, at least.
0 replies 0 reposts 0 likes
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grollen
@gnot.bsky.social
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Tech bros pouring their money into vaporware. Promising themselves: “everybody gonna get rich 'fore this here bubble done pop” Buy-in before I finds myself poor.
0 replies 0 reposts 3 likes
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JG av ninja
@jgninja.bsky.social
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Someone pointed out that all of Tesla's profits come from selling carbon credits to other automakers that do not have enough EV sales. The other automakers are catching up and that income for Tesla will disappear.
0 replies 2 reposts 10 likes
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Kimista
@kimista.bsky.social
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I really want to know what it would take for the value to be corrected to reflect really. Though I know nothing in finance works like that.
1 replies 0 reposts 5 likes
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Sandy B.
@nebulousmenace.bsky.social
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The fact that there is such a thing as the Greater Fool Theory is depressing.
0 replies 0 reposts 0 likes
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Chris Gaines
@bertin.bsky.social
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Even after this recent (and sizable) slide Tesla is still worth 10x Ford (~$470B mkt cap to $48B). Too lazy to go look at the others.
1 replies 0 reposts 3 likes
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Jeffrey F Steiner
@jfs.bsky.social
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Are those finance people wrong though? It’s no different than people paying $36 for Trump’s media stock. If someone will pay $149 for a turd, then it’s truly worth $149 and someone out there really might pay even MORE for the turd.
0 replies 0 reposts 0 likes
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Susieus Maximus
@susieusmaximus.bsky.social
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I once was an assistant to a guy who was an adviser to an investment bank. They gave him an office at the bank as part of his deal. So I got to observe both what came across his desk, and the people who worked there. I lost any sense that financiers know a fucking thing about what they invest in.
1 replies 0 reposts 3 likes
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LeRoc
@leroc.bsky.social
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Looks like a bubble that will burst one day.
0 replies 0 reposts 0 likes
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Isaac Rabinovitch
@isaac32767.bsky.social
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Vote socialist. It's the only way to save capitalism.
0 replies 0 reposts 0 likes
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Andrew "Official Act" Glisson
@andrewglisson.bsky.social
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I have always struggled with this. Go ahead, think he's a genius if you must, but Tesla's doing well in a small niche market. Maybe it's the future or maybe it's the automotive equivalent of BlackBerry. Don't throw all your money at it!
1 replies 0 reposts 3 likes
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Hipster Sasquatch
@hipstersasquatch.bsky.social
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Finance: where people stick their failsons.
0 replies 0 reposts 1 likes
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CmacLT
@carmac.bsky.social
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Many Tesla drivers, and some of the Tesla Board, are definitely not Elon fans...he has become a negative. But. Have you ever driven a Tesla? Critics should. Whoever are the real brains behind these cars did well.
1 replies 0 reposts 0 likes
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ZacktheScumbag-ceasefire plz
@scumbagnobody.bsky.social
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Its that shitty thinking that our media creates that people with a lot of money are somehow amazing thinkers.... It just is not true. Look at how Bill Gates is screwing up education.
0 replies 0 reposts 1 likes
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Nothings Monstered
@nothingsmonstrd.bsky.social
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His self-driving cars will bring on the Singularity and tben Roku's Basilisk will torture everyone who doesn't own Tesla stock.
0 replies 0 reposts 2 likes