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> Tesla is crashing But the stock keeps hitting new all time highs.
by decimalenough 10mo ago
> Tesla is crashing
But the stock keeps hitting new all time highs.
- overfeed 10mo agoTo the moon <rocket emoji> <diamond emoji> <hand emoji>
- SideQuark 10mo agoNot when accounting for inflation. Then that high was years back.
- riffraff 10mo ago"The market can remain irrational longer than you can stay solvent" applies here. Luckily I don't bet, I would have taken a huge short position and lost a bunch of money on Tesla years ago because they were already over valued by any plausible revenue projection, and yet the stock went up and up. But worth remembering, the South Sea Company was worth the equivalent of a few trillion dollars too.