News for hackers. Stuff that matters.
Re:Don't bet on the most likely winner by simonkafan on Monday July 06, 2020 @08:26AM (#23747142)
Why? VW earned 13 billion EUR after taxes in 2019, Tesla is still negative for 2019 in total. And yet the market cap of Tesla is 187b USD while for VW it's 80b USD.

Stock prices have apparently nothing to do with company earnings and performance so how do you know Tesla isn't worth 2000/3000/4000$ per stock?

Investors buy Tesla because they hope a lot of others will too in the future. As long as this hope is there and more people put their money into Tesla, the stock price will continue to rise.

Re:Don't bet on the most likely winner by lalos on Monday July 06, 2020 @10:05AM (#23747957)
What you are describing is not an investment strategy, at the end it sounds like a pyramid scheme.
Re:Don't bet on the most likely winner by taneq on Tuesday July 07, 2020 @12:17AM (#23755636)
In the investing world they call it a bubble.
Re:Don't bet on the most likely winner by WA on Monday July 06, 2020 @08:36AM (#23747209)
... while telling the greater fools that it’s because of Tesla’s superior self-driving capabilities and battery tech.
Re:Don't bet on the most likely winner by valuearb on Monday July 06, 2020 @10:49AM (#23748497)
Stock prices are about future, not past profitability.