Re:Reddit's GameStop, AMC surge is the new Occupy movement
by jsight on Thursday January 28, 2021 @11:48AM
(#25944661)
I feel like the questions around Tesla's valuation are two-fold. The question as to why Tesla is so high is obvious, but the secondary question is why are existing automakers so low? Why is the market cap for existing automakers lower than total revenue?
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Re:Reddit's GameStop, AMC surge is the new Occupy movement
by ogre_codes on Thursday January 28, 2021 @12:19PM
(#25945125)
It's becoming extremely clear that EVs are the future of automobiles.
Toyota, GM, VW, Ford, etc have spent most of the past 10 years telling us that EVs are a joke. Why would you want to invest in management that missed such a pivotal industry turning point?
They weren't just slow to move to EVs, they mocked them.
People have been saying for years that these companies can pivot, but it turns out to sell EVs you also need to invest in infrastructure and right now that infra (at least in the US) is a shambles.
So right as we're on the elbow of the adoption hockey stick, Tesla is the only company really positioned to capture that growth well.
Re:Reddit's GameStop, AMC surge is the new Occupy movement
by supernovae on Thursday January 28, 2021 @11:56AM
(#25944806)
Stocks are ONLY worth what people will pay for it. People pay for TSLA because they want TSLA. They don't want Ford or GM because those companies are failing to create demand and failing to generate products people want to invest in.
Institutional investors bet against TSLA and TSLA retail stock holders kicked them back.