News for hackers. Stuff that matters.

A comment on Why Tesla stock is vastly overpriced. Parent comment

Re:Why Tesla stock is vastly overpriced by nico42 on Sunday December 20, 2020 @03:43PM (#25489351)
"Skeptics say, it would have to sell every book being sold in the world today to justify its stock price" - Amazon in 1997 [1]. The stock is 50 times higher now.

I have no idea if history will repeat itself, but I find the parallel interesting

[1] https://youtu.be/8SSj7KwBwr8?t=660

[ Parent | on HN ]
Re:Why Tesla stock is vastly overpriced by Aeronwen on Sunday December 20, 2020 @07:19PM (#25490891)
They were overvalued in 1997. Even they knew it and started pivoting away from being just a book store shortly after.
[ Parent | on HN ]