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Tesla stock explodes higher again, topping $900 per share
- abhs 7y agoTesla will be the Apple of cars.
- z3rgl1ng 7y agoBut why?
- nickik 7y agoFantastic. While I don't care about cars, Elon Musk getting richer will be good for space exploration.
- alecmg 7y agoSo far he didn't do much space exploration, more like space littering
- nscalf 7y agoHe's massively decreased the up front cost to doing anything-space by spending billions in R&D.
- johnmorrison 7y agoIf you think space is something that can be littered you might be conflating space with Low Earth Orbit. The space in the solar system alone is literally quadrillions of times the volume of the entire Earth.
- aeternum 7y agoThe crazy thing about space is we are actually losing access to an in-perceivable number of galaxies due to the expansion of the universe and those galaxies moving outside of our light cone. Each day we wait to explore the universe, millions of planets effectively cease to exist.
- johnmorrison 7y agoThis is actually a very good point! I've not made up my mind about this whole expanding universe thing (whether it's permanent, local, even real) but based on our current understanding it certainly seems that you're right - the world is getting a little bit smaller all the time. Time is of the essence - we need to move fast.
- nickik 7y agoYour comment is so utterly embarrassing and uninformed that I don't have to take it seriously. Think about your life.
- dang 7y agoPlease don't respond to a bad comment with another bad comment. That only makes the thread worse, and crossing into personal attack is a bannable offence here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- WheelsAtLarge 7y agoThis is a short squeeze. The people that shorted the stock are buying the stock to close their position and forcing the stock up. This has happened with Tesla before. The stock went from the 40s to over 100 in a very short time and never looked back. The stock will find a top and collapse a bit. But the stock price will end up higher than when it started the run. Those that shorted the stock before the run will never get even. Ouch!
- spectramax 7y agoWould it be worth shorting Tesla now at $900?
- blueadept111 7y agoGood luck sleeping at night
- spectramax 7y agoWhy not? If this is a short squeeze, wouldn't there be a balancing market incentives to short the short squeeze?
- whymsicalburito 7y agoUnless you happen to have a magic crystal ball, it's a purely speculative gamble. Nothing about tsla's price is rational right now. The people who shorted yesterday probably thought the same thing...
- WheelsAtLarge 7y agoUnless you know that all the panic buying has stopped there's no way to know when the stock will stop going up. Not only are the shorts buying but all those that feel they are missing out are buying too. It's a hit or miss situation now.
- vikramkr 7y agoYes. And there might be even larger forces like people seeing Tesla going up and just wanting to buy buy buy that throws off the balance again and keeps it moving up. So you can short it, and you might be right that the stock will crash within a few months, but Tesla likely isn't cheap to short, and if the price rises up in the meantime to the point that you can't afford the collateral to short anymore, you might find yourself desperately trying to buy back your shares to close your position to avoid bankruptcy and in the midst of another squeeze.
- lbsnake7 7y agoIs this for real? Or is this bitcoin for 2020?
- agentphil 7y agohttps://www.marketwatch.com/story/how-we-know-that-tesla-is-a-bubble-that-is-going-to-pop-2020-02-04 https://www.marketwatch.com/story/how-we-know-that-tesla-is-...
- agentphil 7y agoAnd https://www.wsj.com/articles/teslas-epic-rally-echoes-past-oil-bitcoin-bubbles-11580853363 https://www.wsj.com/articles/teslas-epic-rally-echoes-past-o...
- xkjkls 7y agoDo you think they could actually raise capital at this valuation? If not, its not for real.
- vsyu 7y agoInsane!
- silveraxe93 7y agoBoris Johnson just announced a ban on petrol and diesel car sales. Probably related to that? https://www.bbc.co.uk/news/science-environment-51366123 https://www.bbc.co.uk/news/science-environment-51366123
- petre 7y agoYes, 15 years from now. A lot can change in 15 years: governments, prime ministers, countries, borders. I don't think so. Tesla started to deliver on Musk's promises.
- Traster 7y agoLaying aside Boris Johnson's track record for actually following through on what he says. No political promise longer than the tenure of the politician making the promise can ever be taken seriously. Notably, Johnson's predecessor announced a legal commitment to ending the UK's global warming contributions by 2050... after she ha announced her resignation.
- elisharobinson 7y agoif your the market leader without competition on a large addressable market your valuation can essentially be infinite. But most stock trades are being driven now by low interest rates once interest rates become more sensible , we should see more sanity. but thats only half the story, low interest rates just create insane price pressure , there can be lot of +/- ve price pressure. The people on wall street have concluded that musk has a very high batting avg , so they are willing to push that price pressure on to the positive side.
- thorwasdfasdf 7y agobut, will interest rates ever become more reasonable again? the US fed and the feds across the world seem to be hell-bent on creating very high inflation. even now that we've had 2.1 and 2.4% inflation, apparrently that's not high enough even though they're supposed to keep it at 2.
- Obi_Juan_Kenobi 7y ago"new paradigm" "this time it's different" Everyone is very impressed that the low rates seem to not being doing what they're 'supposed' to, but that's a long way away from eternal low rates.
- elisharobinson 7y agoInterest rates can be anything , the important thing is it should keep pace with asset/goods creation. Why do you think we just cant stop having real estate bubbles or governments are unwilling to regulate them. Real estate is a great asset creation machine.
- floatingatoll 7y agoHow is this relevant to Hacker News? > If they'd cover it on TV news, it's probably off-topic.
- bojo 7y ago> On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity. A lot of people here like a) the nerdiness of Tesla, and b) the stock market's reactions to it.
- floatingatoll 7y agoIn what way does Tesla’s stock price gratify intellectual curiosity today? Does today’s change in price materially improve or worsen Tesla’s product, ability to manufacture product, and/or cost of Tesla vehicles or feature options? Should I post to the front page each time Microsoft stock goes up? IBM? Bitcoin? Should I restrict such posts to stock prices that are powers of 2, so that it’s intellectually curious when it would not otherwise be? You haven’t made a case that Tesla’s share price is intellectually curious in any respect yet, and that’s my still-unanswered question to you: Why is today’s share price increase specifically relevant to HN?
- xkjkls 7y agoValuations should still be important. Given that Tesla has almost doubled in 5 trading days, that should be considered a significant event.
- floatingatoll 7y agoThanks!
- bojo 7y agoxkjkls gave a great answer, but does it matter? If the HN crowd upvoted it to the front page then enough people thought it was a valid topic that warranted some discussion.
- dang 7y ago"Stock clears price threshold" stories are common and not intellectually interesting in their own right, so the threads always turn into generic discussion of the company and that's it. Typically, this doesn't make for a substantive discussion. Worse, it's the hottest/famous companies that generate these stories, so the threads get super repetitive. For these reasons, stock price stories don't make good HN submissions.
- blackrock 7y agoTesla should do a 10:1 stock split. Wait until it gets to 1000 first. Then, psychologically, it’ll appear cheaper, and they’ll get more suckers, I mean, buyers, to buy more shares.