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I don’t know what you want us all to agree on here. It sounds like GP disputed you setting the bar at “should have improved the lives of most Americans”. That d
by runnerup 3y ago
I don’t know what you want us all to agree on here. It sounds like GP disputed you setting the bar at “should have improved the lives of most Americans”. That did seem like an unreasonable bar to judge companies by.
It’s not super controversial that Tesla is likely overvalued, but shareholders generally still have a reasonable expectation of upside on new shares purchased so they continue to buy. I’d hope most of the qualified shareholders understand those returns are coming from speculation rather than valuation.
“Silicon Valley” seems inaccurate, most Tesla employees are in Nevada, Texas and China.
Also you talked about “Elons companies”, not just Tesla. The only company I can think of that maybe hadn’t been delivering value to both customers and shareholders is SolarCity. It’s acquisition was super sketchy but it no longer exists in any case.
- JumpinJack_Cash 3y ago> > I just disputed you setting the bar at “should have improved the lives of most Americans”. That seemed like an unreasonable bar to judge companies by, to me. No, for a company that has reached the status of top 5 most valuable it isn't unreasonable to ask for concrete quality of life improvement for most people. Moderna and BioNtech aren't even in the top500 and yet delivered quality of life on a global scale by de-facto ending the Covid pandemic