RSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 4 days agoTesla and SpaceX lose over $420B in combined market cap in the two dayswww.cnbc.comexternal-linkmessage-square23linkfedilinkarrow-up1182arrow-down12file-text
arrow-up1180arrow-down1external-linkTesla and SpaceX lose over $420B in combined market cap in the two dayswww.cnbc.comRSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 4 days agomessage-square23linkfedilinkfile-text
minus-squareHyperion@midwest.sociallinkfedilinkEnglisharrow-up7·3 days agoTesla has always been more hype that substance. Use Toyota as an example. Toyota has significantly higher income, profits, assets, equity, cars sold etc (it’s not even close) but even right now Tesla has a market cap that is over 5 times higher.
minus-squareMalica@lemmy.ziplinkfedilinkEnglisharrow-up5·3 days agoVibe market in action. Investors were banking on musk raiding the treasury.
minus-squareHyperion@midwest.sociallinkfedilinkEnglisharrow-up3·3 days agoEven before that was a possibility, Tesla was worth way more than the fundamentals suggested it should be.
Tesla has always been more hype that substance. Use Toyota as an example. Toyota has significantly higher income, profits, assets, equity, cars sold etc (it’s not even close) but even right now Tesla has a market cap that is over 5 times higher.
Vibe market in action. Investors were banking on musk raiding the treasury.
Even before that was a possibility, Tesla was worth way more than the fundamentals suggested it should be.