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It’s not even negativity just incredulity. TSLA has a larger market cap than all other car companies combined. I’m tickled to see a new entrant in automotive su
by krrrh 6y ago
It’s not even negativity just incredulity. TSLA has a larger market cap than all other car companies combined. I’m tickled to see a new entrant in automotive succeed, but the frothiness around it is based less on fundamentals or realistic growth prospects and more on something approaching religious fervour. The sentiment about turning over the old guard has a very strong “new economy” 1999 feeling to it.
All the above applies to Bitcoin as well, which has largely failed at all the practical uses that were proposed to justify its early rise.
- encoderer 6y agoI'm old enough to remember 1999 too. I think there was a lot of economic fear in our industry then. Outsourcing was big and people predicted most software would be written in Asia. The dot-com stocks crashed. People called tech a bubble. And if you were, like me, starting your career back then with Enron in the backdrop, it's easy to get pretty cynical. It's left many people, for nearly a decade now, expecting the next crash. But it takes optimism to make money I think. I think tesla is frothy. I've sold some and bought other things with the gains. But I'm going to hold because I'm going to make a bet that the better tech and team wins.
- worik 6y agoBitcoin is useless for "practical uses that were proposed to justify its early rise" Unless it is a small group using it (less than a million) there is no way it is ever going to do transactions fast enough.