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.

  • @intensely_human@lemm.ee
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    -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
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      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.