3 ms·
Just to provide some context, most indexes and large tech companies are at an all-time-high. It’s not just Tesla ‘doing great’.
by samsonradu 7y ago
Just to provide some context, most indexes and large tech companies are at an all-time-high. It’s not just Tesla ‘doing great’.
- chasd00 7y agothat's a good point. At the moment, it's kind of hard for a tech stock symbol to not do great.
- tonyedgecombe 7y agoApart from IBM.
- ecwilson 7y agoApple is up 100% in the last year for no good reason.
- Slartie 7y agoApple is up 100% because it's kind of the safe haven among tech companies. It actually has the earnings to justify its market value even when using conventional P/E ratio evaluations. This means that if the current oversupply of "fantasy" in the stock markets, especially the tech markets, should ever run out, Apple will most likely be much less affected than most other companies. Lots of tech-interested investors realized this and decided to take some of the gains made with more risky bets into this "safe haven", because this lets them continue to invest in a tech company at least. And that's why the stock is up regardless of any new groundbreaking product from Apple.
- samsonradu 7y agoA luxury product company becoming a safe haven pretty much speaks for itself on how distorted things are.
- tempsy 7y agoUh Tesla was $180 six months ago. That's a 185% gain. Far more than the S&P. Few large cap companies have gained that much in such a short amount of time. Don't rain on the Tesla parade. Or discount the price movement as "in line".
- samsonradu 7y agoSure, but you’re kind of cherry-picking, as it was $300+ in January. Tesla has always been more volatile than peer tech stocks, having crashed about 40% before this surge.
- tempsy 7y agoEither way it's a story about the short term spike since roughly a month ago. The price movement is not in line with the broader market or all tech stocks. It's well above it.
- touchpadder 7y agoWarren Buffet indicator explains it all