Tesla dealerships are getting protested and, in some cases, vandalized. Sales are down on 9 of the top 10 countries Tesla sells in. Yet Tesla stock is up. Twitter is a cesspool of nazi-themed bots, and somehow just pulled in $1bn and raised its valuation back up to $44bn.

How is any of this possible? It seems really artificial to me, but I don’t really understand business.

  • Steven@lemmy.studio
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    11 days ago

    That could just as well be the reasons those banks want those companies to have an inflated value.

    If those companies lose much value there will be a lot of mess and no one involved is going to get richer of it.

    These days a CEO is pretty much someone that markets a company towards the shareholders. Elon is a pretty good marketeer.

      • clutchtwopointzero@lemmy.world
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        11 days ago

        Musk is a threat to the integrity of the USA and is a dumpster of a human being but he knows how to navigate the circles of government, politics, and investors and gets those people to believe in him and let him do whatever he’s been doing