Title. It occurred to me that despite not wanting to support musk or some other American businesses because of their recent change in policies, I’m still holding a stake in those companies.

  • @expatriado@lemmy.world
    link
    fedilink
    143 days ago

    one of the reasons isn’t tanking faster, comes bundled up in many institutional accounts, retirement accounts, etc

    • @intensely_human@lemm.ee
      link
      fedilink
      -22 days ago

      In other words, is an integral part of our society that we’ve all collectively invested a lot of money into, for a lot of benefit.

      Almost as if the cars have value beyond a status symbol or signal of political allegiance.

      • @witten@lemmy.world
        link
        fedilink
        42 days ago

        So you’re saying a price-to-earnings ratio of ~90x over the last five years is a reasonable valuation… when their competitors are historically closer to… 6x?

      • an integral part of our society

        It’s an overvalued meme stonk pushed by Tim Urban’s 2015 Musk propaganda pieces and WSB, supercharged by Twitter Muskapades during the very strange COVID-induced market wildfires.

        The price is fueled by retail gambling, with the cult of personality and [false] idealism of the company lending it stamina that finally seems to be ailing.

        Tesla’s stratospheric P/E ratio is ridiculous.