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
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    2 天前

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

    • intensely_human@lemm.ee
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      18 小时前

      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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        18 小时前

        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?

      • My_IFAKs___gone@lemmy.world
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        15 小时前

        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.