this post was submitted on 24 Jul 2024
872 points (97.7% liked)
memes
10322 readers
1657 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Tesla is a a great counter-example. Before Musks true colors came out, Tesla stock went on a wild ride long before the company made a profit, and is frequently priced way above anything justifiable by current income or profit. It’s all based on hope for a long term plan to change the world and eventually make huge profits, rather than short term goals.
As a hypothetical investor, if you stayed away from companies like Tesla, you would miss some stocks with the highest returns
A stock-price bubble is the opposite of a good example in my opinion. Dumb techbros hyping a company to the point where it has a higher capitalization than literal Volkswagen group, because the stock price kept inflating. What percentage of the stock owners of Tesla 4 years ago are the same as nowadays? I'd bet it's low