Tesla Becomes World’s Second Most Valuable Automaker

What's your thoughts today a year later?

Golden Fleece said:

People are angry at what Tesla represents, the personification of utterly broken economic and financial systems that will eventually cause untold misery to millions, possible billions, of people when the bubble bursts. For example, the Tesla market cap now matches all the stock (100% ownership) of EVERY energy company that is now part of the S&P 500 (including the majors, the independents, the drillers, the service companies, and the refiners). That is downright crazy -- and it highlights the current insanity of our utterly broken economic and financial systems, propped up by artificially low interest rates and cheap money.

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My thoughts are exactly the same as a year ago. See post #157 (cited above). Facts are facts. And the cycles of history (whether political, economic, war, etc.) continue to repeat -- because human nature remains the same. People (as a group) never learn, so the same cycles repeat over-and-over again.

Just because Tesla is down 40% from a year ago means nothing to me. Based on history, economics, and world cycles, Tesla is a terribly overvalued company -- regardless of whether it is up or down by 40% today.

Read "The Secret Life of Real Estate and Banking," by Philip Anderson. The only reason that these cycles are "secret" is because people revel in their ignorance and they refuse to learn. Authors publish entire books on the subject -- all you need to do is read it -- and yet people refuse to learn from history.

https://www.amazon.com/Secret-Life-Real-Estate-Banking/dp/0856832634

Seems Elon dumping Tesla very smartly

https://www.bbc.com/news/business-63981767
First for twitter, now I do not know what is he buying....But Really smart Move....as He also knew valuation is too high....not able to sustain long .....