SpaceX said to fire employees involved in letter rebuking Elon Musk

Re:SpaceX said to fire employees involved in letter rebuking... by pclmulqdq on Friday June 17, 2022 @09:55AM (#31778203)

Fundamentally sound doesn't always matter if they are overvalued enough. Companies that take a 99% drop in stock price are likely to end up losing the last percent in a bear market based on lack of confidence from investors.

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Re:SpaceX said to fire employees involved in letter rebuking... by diogofranco on Friday June 17, 2022 @10:13AM (#31778485)

There is no last percent, it can drop another 99% and then another...

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Re:SpaceX said to fire employees involved in letter rebuking... by pclmulqdq on Friday June 17, 2022 @10:29AM (#31778756)

There is a "last percent" when you are thinking about drops from peak value, which is how many people think about stock prices.

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Re:SpaceX said to fire employees involved in letter rebuking... by BbzzbB on Friday June 17, 2022 @11:05AM (#31779269)

If TSLA gets valued down to $7B then we're all fucked, the floor will have fallen from under the stock market as a whole.

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