David Chisnall (*Now with 50% more sarcasm!*)@drahardja I certainly hope so. Currently it's up 35% above a week or so ago.
Stock prices normally reflect the company's fundamentals eventually, but, as John Maynard Keynes said:
Markets can remain irrational longer than you can remain solvent.
This works in both directions: a stock can remain overvalued for a long time.
Buying Tesla stock isn't just a way of investing in the company, it's also a way of buying favour with Musk. As long as he is shadow President, there are going to be a lot of people (Russian and Chinese governments, for example, as well as wealthy individuals) who are happy to throw a few billion at the stock in exchange for influence with Musk. And guess who just gutted the SEC?
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