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TopicThe top 10 wealthiest people in the world today
Shadow_Don
08/14/22 9:51:32 AM
#46:


Squall28 posted...
The valuation for Tesla is also insane. "Investors" are valuating it to be worth more than the other major car companies combined. The speculation around the stock is unbelievable.

The argument is that Tesla is "a tech company, not a car company", which might have been reasonable at one point. If Tesla was truly ahead of everyone when it came to self-driving then perhaps the valuation would be justified. But they aren't ahead of anyone and the tech seems to be another 20 years out.

That's why a lot of people think the twitter bullshit he started was an excuse for him to get his shares out before the market makes a correction.

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"The soul in the darkness sins, but the real sinner is he who caused the darkness." - Victor Hugo
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