Tesla races past $100B in market valuation

Re:Tesla races past $100B in market valuation by JohnJamesRambo on Wednesday January 22, 2020 @11:34AM (#22118984)

Maybe this is just what the top of bubbles feels like. I can’t explain the stock price either, other than human irrational exuberance.

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Re:Tesla races past $100B in market valuation by daxorid on Wednesday January 22, 2020 @11:45AM (#22119118)

There's also TA bots. Both algorithmic and human traders who will eschew a stock at $280 but consider it a buy at $430 because it crossed some magical technical level, without anything fundamental having changed about the underlying company.

These traders tend to conduct the opposite of the value strategy, often buying all-time highs for no other reason than it hit an all time high.

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Re:Tesla races past $100B in market valuation by beamatronic on Wednesday January 22, 2020 @11:41AM (#22119065)

Is your taxi driver or your hairdresser talking about buying TSLA themselves? That’s how you know.

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Re:Tesla races past $100B in market valuation by shawnz on Wednesday January 22, 2020 @11:47AM (#22119156)

What should I do if my taxi driver is talking about buying shares in a low cost total market index fund?

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Re:Tesla races past $100B in market valuation by Strom on Wednesday January 22, 2020 @12:35PM (#22119838)

Commend them for their wisdom.

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