News for hackers. Stuff that matters.

A comment on Tesla jumps 14% on S&P 500 inclusion speculation Now the 10th by market value. Parent comment

Re:Tesla jumps 14% on S&P 500 inclusion speculation Now the ... by fzeroracer on Monday July 13, 2020 @01:29PM (#23823255)
This seems like a similar argument to what I saw for Bitcoin before the crash came. Bitcoin prices were high because the bitcoin price reflected the future of currency and that bitcoin turned the finance industry upside down.
[ Parent | on HN ]
Re:Tesla jumps 14% on S&P 500 inclusion speculation Now the ... by jmastrangelo on Monday July 13, 2020 @01:33PM (#23823297)
Not sure why you got downvoted. I think Tesla is a great company, but these valuations suggest they're going dominate transportation in a way no car manufacturer ever has.

Even if that is possible, which I'm not sure it is, the future is uncertain and the stock should have significant discount to reflect that.

[ Parent | on HN ]