Why did Tesla's stock price go up 4x in less than a year?

Are they selling a fuck ton more cars than I thought? What the hell is going on?

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>he STILL hasn’t boarded the all-electric Tesla bandwagon
ngmi

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It's the pre bankruptcy pump. Millennial faggots will get liquidated

They're years ahead of competition and have the best product in the industry. Cost cutting measures in late 2018/early 2019 were largely effective. They'll only increase margins with economies of scale and continue to gobble up market share. Everyone other manufacturer is chasing them. EV companies have fallen short across the board.

uber has never made money either
fuck this market dood ur in or ur out

When you invest in Tesla you aren't investing into the cars. It's the "Elon Musk" stock, and he has other (non-public) projects that people have confidence in.

Tesla stock operates on quantum fluctuations. Up and down are constructs that our 3 dimensional minds apply to something we can't understand. Don't even think about it too much, let alone buy it or fuck with options. Rekt and win aren't even randomly determined; they're realities that shift without a mathematical basis.

This guy gets it. Musk, like Trump, has successfully built a personal brand.

Wluldn't be surprised if he makes a presidential run in a decade.

>Uber never made money
Why do Npc's keep spouting this meme, their revenue is 4x their operating income. Last year they spent around 4bill on operations and they profited around 10bill. So why does this rumor percisist as if people dont have the fucking internet.

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Tesla has the Steve Jobs reality distortion field. They’re barely making cars and if they ever DID scale it would make owning an electric car fucking impossible. The queues for charging stations become clogged because it takes too long to recharge. You need an entirely new infrastructure to deal with this.

Regardless, the stock is mooning like it’s some tech bubble stock. Why? Because of hype and Elon and nothing even remotely grounded in reality.

>What the hell is going on?
a 16 year old can buy fractional shares on their iphone
ask a 16 year old what the best companies are
they will say tesla because elon musk is redpill
this fact leads traditional investors to tesla because of these retarded teenagers
the company doesn't actually do anything
traditional investors are done bleeding the piggy dry
entire market crashes because teenagers can't support it with their allowances

he constitutionally cannot

Oh shit, I forgot lol.

Even so, I'm sure his career trajectory is going to take him towards some sort of public office. That much money s power, sure, but people still get suckered in for the trappings of it like marks of public office, titles.... prestige shit.

let it dump
activate Quantum immortality

This.

It's a company for idiots who don't know how to read financial statements but love TED talks invest in.

Their stock is in a textbook bubble chart right now. Screenshot this post and rub in in the faces of zoomer tards.

When will said bubble pop in your opinion?

They figured out how to not just make cars, but how to make the production lines of their cars. Model 3 was their make or break moment and they passed it. So they‘re just shitting out factories since every car they make gets sold with no problems.
Oh and they might be the first company to figure out autonomous driving and role it out at scale within the next 3-5 years.
Basically, people are speculating that Tesla will be king of automotive industry in 10 years.
Oh and they might sweep up a good chunk of the battery and solar markets while they‘re at it.
Whether you believe in any of this or not is irrelevant. This is what their investors believe in.

>I'm sure his career trajectory is going to take him towards some sort of public office
He‘s gonna be First Lord Elon of Mars.

just speculation/hype/fomo. There's literally no other reason for this to be so highly valued

1. There is no industry. Electric cars were a fad and no one really uses them, especially not with $20 oil.
2. Whopping 0.005% of worldwide car market share. Less than Lamborghini.
3. Tesla’s are luxury cars and no one buys these in an economic depression.

>autonomous driving

Lmao. I used to work on that stuff. It’ll be 20 years before you get your fully self driving car.

People still say Netflix and amazon don't make money which hasn't been true for like 5 years now.

just hype
>electric cars meme
>Apple for Cars
>Elon Musk cult ("he smokes weed","he works 100 hours a week", "funny dance", "the smashed window was so fun, not staged at all")
>cars will be profitable in a few years
>hype created stock surge and now Tesla might actually survive

My guess is when Toyota/Honda can make a better ev at a lower price point. Or people realize it's overvalued as shit anyway.

Everything that runs on oil will no longer be profitable for quite some time.

That's easy to say now, but in the optimism of economic growth, with a steady transition towards "greener" fuels and general understanding that electric auto was the future, at least in Europe through incentives and heavy carbon taxes,Tesla looked like it could easily become a market leader in tomorrow's market.
.
Obviously there was huge hype and speculative euphoria in trying to price in this potential but it wasn't entirely unfounded.

One more quarter before this shit gets shoved in every index fund possible

Lol he really thinks teenagers buying one fractional share made the stock jump 100% in a month.

And sheep buy into that?

I cant say when but i know how: As suddenly as it pumped

Neither could Onigger.

If they can't automate trains and trams then they can't automate trackless cars.

I opened my broker account because I wanted to go in full Tesla. I didn't buy the bottom. Now I don't really want to unless it goes 400 usd.
William Bernstein said your portfolio should be boring and not filled with these hype meme stocks.

yes but he was not openly born outside the usa

Tesla was shilled here for years. You should have listened

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