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by cglace 475 days ago
The market is currently valuing the stock based primarily on their robotaxi initiative and humanoid robots.
2 comments
mullingitover 475 days ago
The market is currently valuing it on what it thinks other investors in the market will value it at.

It's a class in the Greater Fool Theory of investing, writ large.

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toomuchtodo 475 days ago
What do you think it would take to create a cascading loss of confidence in the security?
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jimnotgym 475 days ago
Time
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throwaway48476 475 days ago
Time and bad results. That said the market can stay irrational longer than you can stay solvent.
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jimnotgym 475 days ago
I think you are right. A minor shock in share price from a bad profit announcement will cause certain traders to have to sell to stop the loss getting worse, probably by an automated stop-loss order. This will start a chain reaction.
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tobias3 475 days ago
Those are two startups attached to a destroyed brand and an auto company. Idk why anyone would invest.
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