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What systemic reason can allow this to go on for so long? I obviously discount a lot of the forward looking promises given the track record. Something seems d
by franktankbank 9mo ago
What systemic reason can allow this to go on for so long? I obviously discount a lot of the forward looking promises given the track record. Something seems deeply off for 6 years.
- rsynnott 9mo ago6 years may be a _bit_ long, but I think it has probably been kept going longer than it otherwise would by the current AI bubble, after the EV bubble fizzled (while EVs are a real industry they no longer drive super-high valuations). The likes of AOL maintained very high PE ratios for some years during the dot-com bubble, as did Enron, say. The big question is can Tesla find yet _another_ bubble to jump to after the AI one pops. Watch out for Musk starting to say the word 'quantum' a lot.