Enough Musk Spam
For those that have had enough of the Elon Musk worship online.
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I still can't believe a company that made <$20 billion in revenue last year, and had a net loss of nearly $5 billion, could be valued at over $2 trillion.
Even if they managed to somehow make their entire revenue in profits, it would take them best part of 100 years to make that back!!
The valuation is insane and cannot possibly hold up to scrutiny. It's like as though these investors are playing with monopoly money.
That is Musk's MO. Tesla is the same, has a market cap of ~1.4T but q4 of 2025 made only 820M of profit, 540M is because of emissions credits...
Hey remember Tesla is an energy company now, they probably also made a couple hundred bucks on Tesla Power Wall. 🤣🤣🤣
They are also a robot company, and allegedly they are #1 on that, but only after Boston Dynamics and 5-6 Chinese brands, that can do kickboxing and karate and run a half marathon faster than a human. etc. But hey AFAIK Tesla has finally managed to make Optimus walk without wires. 🤡
Stock market makes no sense and is a scam.
Inside trading is rampant and I'm pretty sure the stock market is why everything is going to shit. I mean. It's a big part of the capitalism machine.
My take: Trillions of dollars added to bank ledgers through four rounds of quantitative easing by the Fed. Those dollars went somewhere, and ever notice how the stock market de-coupled from the health of the economy when QE started? It's kind of like they are playing with Monopoly money.
Anyway, lots of companies don't even pay dividends. The only way to make money on them is through market trades of the stock. P/E was just sort of a fig leaf so traders could lie to themselves that there was some rational basis to what they were doing. The underlying asset doesn't matter, as long as the buyers think that they can re-sell it higher. It doesn't even have to be stocks they're trading, it could be pogs, since the market works entirely on vibes now.
As a wiser man than me said "the stock market is either fraud, or gambling"
It only doesn't make sense if you think about it.