alt Hacker NewsSpaceX’s success have no bearing on Tesla. And Tesla’s sales for the year are down for the second year in a row. Hardly a logical reason for the stock to go up.
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You are right that SpaceX is a separate company.
> And Tesla’s sales for the year are down for the second year in a row. Hardly a logical reason for the stock to go up.
If the market originally expected and priced in an even bigger decline, the stock would logically go up. Because of all the possible anticipations stock price movements are hard to understand, even in retrospect.
"Hardly a logical reason for the stock to go up"
I think its because Elon would continue to be CEO of tesla , Elon is a brand at this point
its well known "brand", Yes there is a lot to hate but you cant ignore his huge follower
I mean Elon can come to Saudi and Saudi can invest in his company because they like him, that is just the way it works
Tesla is more than one person. Plenty of incredibly talented people at Tesla that is not Elon.