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The company is wildly overvalued. It'd be funny if Musk wasn't about to walk away with a bunch of money stolen from retirement accounts.
by SwellJoe 5mo ago
The company is wildly overvalued. It'd be funny if Musk wasn't about to walk away with a bunch of money stolen from retirement accounts.
- spwa4 5mo agoI think you'll find the whole valuation of the S&P500 is built upon retirement accounts. Yours. Mine. In other words, look one level deeper and you'll see it's not the S&P500 that's overvalued. It's you and me and 100 million other people desperately attempting to make sure young people pay for them for 20-30 years when they're old. And then you calculate it out ... and see it's not happening. No matter what the number on the account says.
- SwellJoe 5mo agoThere's the normal level of... optimism. And, then there's SpaceX, a scam on a scale the world has never seen.