I know I'm stupid for asking, but there is just no rational path for to Tesla grow into a >300x p/e valuation right?
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It's not a stupid question. It just quickly devolves into a diverging philosophical discussion of what "rational" means.
Quickly becoming a "flows and order books are the only truth that really matters" guy
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i have been on this shit for the entire life of the account. a stock is worth its price, and it’s price is determined by /ES and book condition
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Screw that future cash flows nonsense, stonk is present value of current order flows
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One day you will realise that the stock price is simply a derivative of the true underlier, the options market, and TSLA options are worth a lot because Elon is Simply going to Vibe them into the money.
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The fundamentals are meaningless ATM. Calls are driving up this price. The ride always stops.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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The big catalyst to killing overvalued stocks has historically been raising new capital at the overvalued prices, inc. shares issued for mergers. Tesla has been relatively pretty restrained on this.
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Barring that, then, um, remember that 45% of people make money at the roulette wheel. Probably just under 50% with low text costs in stock market, but absent dividends/buybacks it's impossible for stockholders to collectively have more money out than money in.
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