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Tesla is abundantly wealthy mostly on the back of it's delusional investors creating a self-fulfilling prophecy.
by Workaccount2 2y ago
Tesla is abundantly wealthy mostly on the back of it's delusional investors creating a self-fulfilling prophecy.
- dgfitz 2y agoSounds like crypto…
- ty6853 2y agoAs was Enron...
- labster 2y agoEnron is making a comeback now: https://www.cnn.com/2024/12/02/business/enron-resurrected-joke-nightcap/index.html https://www.cnn.com/2024/12/02/business/enron-resurrected-jo...
- evan_ 2y agoas a crypto play apparently, so > mostly on the back of [its] delusional investors creating a self-fulfilling prophecy continues to hold true.
- im3w1l 2y agoI'm not saying you are wrong, but GME is an interesting contrast. Despite delusional investors they didn't manage to make anything of it.
- adastra22 2y agoThey're still around. Remember they were shorted because they seemed on the verge of bankruptcy..
- im3w1l 2y agoMore zombie than thriving though.
- adastra22 2y agoFair enough. They were able to exploit it with a massive share offering at a high price, which not only got them in the black but set them up with considerable holdings sufficient to survive the next downturn. So they're not going anywhere. But yeah, I don't think they have any ideas for future growth. They should have used that money to buy GOG and go into digital distribution competing with Valve & Epic, or something like that. But then again, so many stable companies get pushed by their investors to make big ambitious bets, then go belly-up. I kinda got respect for them just focusing on a good brick-and-mortor game buying experience.