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Tesla doesn’t need a business model, they’re a meme stock.
by senordevnyc 11mo ago
Tesla doesn’t need a business model, they’re a meme stock.
- LanceJones 11mo agoPerhaps. I suppose the biggest in history then? $1.4T valuation and 60% of shares held by non-meme institutions (like pension funds, S&P tracking ETFs, etc) when you factor out insiders.
- bdangubic 11mo ago“The market can remain irrational longer than …” - John Maynard Keynes.
- eastbound 11mo agoOh, so that’s from him. This is the most state-interventionist economist. The fact that state actors trusted him for their policy since 1929 has more to do with a convergence of interests than rationality. I’m not surprised that he started the ideology that markets were irrational.
- senordevnyc 11mo agoHere’s a similar quote from the great enemy of markets, Benjamin Graham: “In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
- wnmurphy 11mo agoNot saying that the stock isn't a meme stock, but my car literally drives itself everywhere. Tesla has many business models.
- idiotsecant 11mo agoOnly on HN can you say something so obviously true and have a reply section full of uhm ackshuwllys.