• AlecSadlerEnglish
    5·
    20 days ago

    Tesla has no reason to be that high. I really really really want it to crash.

    • Karjalan@lemmy.worldEnglish
      3·
      20 days ago

      I really don’t get it… It’s just overpriced evs right? How is it so high? Is it just a scam and rich people investing in other rich people to keep each other rich?

      • Brosplosion@lemmy.zipEnglish
        2·
        19 days ago

        It’s cause it’s now in almost every single fund / pension as a pseudo blue chip. No one wants to see it drop so it doesn’t. The company doesn’t actually have that value/assets.

        • surewhynotlem@lemmy.worldEnglish
          2·
          19 days ago

          It’s exactly this. The stock market is just vibes. Vibes that are (sometimes loosely) influenced by data and events.

  • mycodesucks@lemmy.worldEnglish
    4·
    20 days ago

    I’m no fan of Apple, but I UNDERSTAND where their valuation comes from and WATCHED them make that money.

    NVidia, however, is really driving home the fact that the stock market is based on absolutely nothing. It’s all smoke and mirrors.

  • Geobloke@aussie.zoneEnglish
    3·
    20 days ago

    Wow, tesla still worth 7x more than Toyota

    And so many companies that seem to cater directly to the American market in consumer staples