alt Hacker NewsThe stock market agrees. TSLA continues trending downward.
Also, the stock market's id, aka WSB is not impressed in hilarious and sometimes insightful ways. [0]
From my nerd POV, this looks super cool! From any other POV, ummm, what are we supposed to do with this? This is neat as heck, but you cannot put COPVs on public roadways.
[0] https://old.reddit.com/r/wallstreetbets/comments/1x73hxs/tes...
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I'm not sure if the stock price means a lot. Tesla is kind of a meme stock, people buy it based on vibes, not based on what it's worth.
But this technology is as useless as a toothbrush with a rocket engine. Some rich car crazy guys will buy it, sure. But maybe a few thousand units. This technology doesn't bring any substantial revenue for a billion dollar company. People who own this rocket car it will try it out once or twice and then it will end up in some pretty garage for a few decades.
I mean, this is something we want to encourage. Everyone always likes to quote fiduciary duty ad nauseum. Here is a public company flying (lol) in the face of that in the spirit of, well, fun.
> TSLA continues trending downward
uh.. zoom out a bit? The stock price is double what it was two years ago
Not trending down anywhere near enough. Their PE Ratio is absurd, but it definitely proves the adage that the market can stay irrational longer than you can stay solvent.
And as a nerd, while it's a cool demo in a controlled environment, cars like that are the last thing I want on the road near me as a driver, passenger, or pedestrian!