I still can't believe a company that made <$20 billion in revenue last year, and had a net loss of nearly $5 billion, could be valued at over $2 trillion.
Even if they managed to somehow make their entire revenue in profits, it would take them best part of 100 years to make that back!!
The valuation is insane and cannot possibly hold up to scrutiny. It's like as though these investors are playing with monopoly money.
Hey remember Tesla is an energy company now, they probably also made a couple hundred bucks on Tesla Power Wall. 🤣🤣🤣
They are also a robot company, and allegedly they are #1 on that, but only after Boston Dynamics and 5-6 Chinese brands, that can do kickboxing and karate and run a half marathon faster than a human. etc. But hey AFAIK Tesla has finally managed to make Optimus walk without wires. 🤡
My take: Trillions of dollars added to bank ledgers through four rounds of quantitative easing by the Fed. Those dollars went somewhere, and ever notice how the stock market de-coupled from the health of the economy when QE started? It's kind of like they are playing with Monopoly money.
Anyway, lots of companies don't even pay dividends. The only way to make money on them is through market trades of the stock. P/E was just sort of a fig leaf so traders could lie to themselves that there was some rational basis to what they were doing. The underlying asset doesn't matter, as long as the buyers think that they can re-sell it higher. It doesn't even have to be stocks they're trading, it could be pogs, since the market works entirely on vibes now.
21 Comments
ceenote@lemmy.world · 48 pts · 47d
Today, I appreciate him losing trillionaire status. When he gets it back next week, I appreciate that he's still miserable.
TheDeadInternet@lemmy.world · 2 pts · 46d
Bless his heart he's practically homeless.
Th4tGuyII@fedia.io · 47 pts · 47d
I still can't believe a company that made <$20 billion in revenue last year, and had a net loss of nearly $5 billion, could be valued at over $2 trillion.
Even if they managed to somehow make their entire revenue in profits, it would take them best part of 100 years to make that back!!
The valuation is insane and cannot possibly hold up to scrutiny. It's like as though these investors are playing with monopoly money.
phdepressed@sh.itjust.works · 18 pts · 47d
That is Musk's MO. Tesla is the same, has a market cap of ~1.4T but q4 of 2025 made only 820M of profit, 540M is because of emissions credits...
Buffalox@lemmy.world · 8 pts · 46d
Hey remember Tesla is an energy company now, they probably also made a couple hundred bucks on Tesla Power Wall. 🤣🤣🤣
They are also a robot company, and allegedly they are #1 on that, but only after Boston Dynamics and 5-6 Chinese brands, that can do kickboxing and karate and run a half marathon faster than a human. etc. But hey AFAIK Tesla has finally managed to make Optimus walk without wires. 🤡
SwingingTheLamp@piefed.zip · 9 pts · 46d
My take: Trillions of dollars added to bank ledgers through four rounds of quantitative easing by the Fed. Those dollars went somewhere, and ever notice how the stock market de-coupled from the health of the economy when QE started? It's kind of like they are playing with Monopoly money.
Anyway, lots of companies don't even pay dividends. The only way to make money on them is through market trades of the stock. P/E was just sort of a fig leaf so traders could lie to themselves that there was some rational basis to what they were doing. The underlying asset doesn't matter, as long as the buyers think that they can re-sell it higher. It doesn't even have to be stocks they're trading, it could be pogs, since the market works entirely on vibes now.
daannii@lemmy.world · 5 pts · 46d
Stock market makes no sense and is a scam.
Inside trading is rampant and I'm pretty sure the stock market is why everything is going to shit. I mean. It's a big part of the capitalism machine.
Buffalox@lemmy.world · 3 pts · 46d
It only doesn't make sense if you think about it.
weeeeum@lemmy.world · 3 pts · 46d
As a wiser man than me said "the stock market is either fraud, or gambling"
areakode@riskeratspizza.com · 18 pts · 47d
An now he only has approximately... $1 Trillion.
RustyShackleford@piefed.social · 17 pts · 46d
Olgratin_Magmatoe@slrpnk.net · 16 pts · 46d
There are quicker ways though.
Unrelated:
bluesheep@sh.itjust.works · 9 pts · 46d
Image isn't loading for me. Is it a guillotine? Please say it's a guillotine
DeanTheCat@lemmy.world · 6 pts · 46d
It’s a guillotine.
Akasazh@lemmy.world · 14 pts · 46d
He still has his head, so theres room for progress.
kibblebits@quokk.au · 11 pts · 47d
Wait for tomorrow.
newton@feddit.online · 3 pts · 47d
Going to the moon ?
kibblebits@quokk.au · 12 pts · 47d
That’s a good place for him.
Blablablabum@lemmy.zip · 6 pts · 46d
Musk is the first person to go from trillionaire to billionaire, what a loser…
gravitas_deficiency@sh.itjust.works · 3 pts · 46d
notso@feddit.org · 2 pts · 47d
https://www.youtube.com/watch?v=61Q6wWu5ziY&t=1