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First and foremost, the stock market is not the economy. Second, stocks are primarily traded on their expected future value, not current profits, hence why comp
by Wohlf 6y ago
First and foremost, the stock market is not the economy. Second, stocks are primarily traded on their expected future value, not current profits, hence why companies like Tesla have a price to earnings ratio that is absurd.
- deleted 6y ago[deleted]
- puranjay 6y agoTesla's stock price makes zero sense in any plausible scenario. I understand the narrative, but unless Tesla becomes the only car company on the planet, it can't be worth 10x Ford
- NicoJuicy 6y agoRobin Hooders + solar energy + funds that buy Tesla after 4 x profit profitable quarters + China + ... Still doesn't explain the crazy valuation