I really don’t get it… It’s just overpriced evs right? How is it so high? Is it just a scam and rich people investing in other rich people to keep each other rich?
It’s cause it’s now in almost every single fund / pension as a pseudo blue chip. No one wants to see it drop so it doesn’t. The company doesn’t actually have that value/assets.
Tesla has no reason to be that high. I really really really want it to crash.
I really don’t get it… It’s just overpriced evs right? How is it so high? Is it just a scam and rich people investing in other rich people to keep each other rich?
It’s cause it’s now in almost every single fund / pension as a pseudo blue chip. No one wants to see it drop so it doesn’t. The company doesn’t actually have that value/assets.
It’s exactly this. The stock market is just vibes. Vibes that are (sometimes loosely) influenced by data and events.