this post was submitted on 16 Apr 2025
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Tesla could literally never sell another car again, and it wouldn't matter as long as people continue to buy the stock.
It's been wildly over priced for a very long time, so clearly the people who are keeping it afloat aren't interested in whether the company is actually profitable or not.
I think those people were only buying and holding cause the stock price kept going up regardless of logic and reason. These people wanted to make money.
If they think they might lose money, I think they would probably sell.
You're thinking rational. Tesla prices skyrocketed during the covid pandemic when wallstreetbets was gaining traction. That's probably all you need to know.
If I recall correctly, it skyrocketed right after they posted their first profit. People took this as an indicator that Tesla was only going to go up exponentially from here.
It was actually way overpriced even before this point.
"I like money" - Frito
That only goes so far. If the company ceases to exist because it cant pay its debts, its gonna get delisted from the exchange.