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Tesla is a poor example of speculative tech. From 2019 to present they went from losing money to substantial and growing profitability. Better example would b
by pmorici 4y ago
Tesla is a poor example of speculative tech. From 2019 to present they went from losing money to substantial and growing profitability. Better example would be things like Peloton, Beyond Meat, or Robinhood who all had sky high stock prices and have yet to turn a profit.
- raffraffraff 4y agoI don't understand the US stock market, re: Beyond Meat. It's a fucking recipe. Where I live in Ireland there a dozen different fake-meat brands, and they're even getting competition from supermarket "own brand" products (burgers, sausages etc). Don't get me wrong, beyond meat isn't a bad product, but how the hell is a recipe and a few business deals worth IPO and wild speculation? What do they have beyond, uh, fake meat recipe?
- michael1999 4y agoWhat is Coca-Cola besides a recipe, a brand, and some business deals?
- raffraffraff 4y agoExactly. I don't get it.