The private at 420 thing was absolutely worth $40 million. It helped elevate Tesla to the meme stock stratosphere even more than they already were. His Twitter antics turned a 200 billion dollar company into a trillion dollar one.
> It helped elevate Tesla to the meme stock stratosphere even more than they already were. His Twitter antics turned a 200 billion dollar company into a trillion dollar one
Zoom out! Everybody loved GagnamStyle and Baby Shark too, but they are not getting on radio and people would be indifferent to the disappearence of the artist who made those songs.
MarketCap is a flawed measure for tons of reasons (in my opinion FCF is king) but if you want to use such flawed measure then time spent in the S&P500 would be a meaningful way to go about it.
Tesla has been in the SP500 for how long? 1.5 years?
If JPMorgan went bankrupt tomorrow you'd see people literally in the streets crying (for a whole bunch of reasons both at the macro and micro level) much like when Michael Jackson died. If Tesla went bankrupt tomorrow it would be like if PSY of GagnamStyle fame died, a bunch of hardcore devote followers would mourn but the world would move on pretty quickly.