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this post was submitted on 01 Feb 2025
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chapotraphouse
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My theory is under capitalism we've raised a generation of failsons who were badly educated, but because of their wealth, have significant impact over financial markets. These failsons all want to invest in flashy things and Tesla/Musk is the perfect magnet for that. It's a little idealist, but I feel you need to be idealist to explain why Tesla is completely divorced from its material reality.
and people say the ceo doesn’t contribute anything
I still remember when the stock split happened, and somehow re-reached the previous price within days.