Tesla stock is not a way to measure the time-discounted value of future cashflows, it is a measure of fandom. People put huge amounts of money into the company based on lore, not anything resembling rigorous analysis. Economics has no real way of understanding or integrating this new reality!
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They were genius heros til they crashed the global economy in 08. Now they call that BS Bespoke Tranche Opportunity
Not a great trait but hey
I keep wondering when I can bet against TSLA, but it's held up by two forces: economic speculation bolstered by sheer tribal adoration. The two combined seem greater than their parts.
Consider this: 1969. Apollo 11. All eyes were on "Neil & Buzz", and the achievement was, emotionally, "for all Mankind".
Nobody was talking about the CEO of Northrop-Grumman.
You can’t chase illogical cultish gambling behavior.