Tesla hits $420, up 69% YTD and Elon becomes first person with $400bn net worth. Simulation confirmed
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The stock market has just gotten stupid. Yeah, Tesla is a fine company, but that stock value is absolutely insane. There's almost no such thing as looking at fundamentals anymore, unless a company is going bankrupt.
Yeah I know, the post was about numbers for 12 year old boys, I just ignored that part.
Tech stock prices have been insane these past several years. Tesla just joining the party.
Tesla's the OG meme stock.
Does SpaceX have its own stock or does owning Tesla stock mean you get a cut of that SpaceX future returns? That company is likely the most valuable of it all.
I’m pretty sure SpaceX is totally private and independent from Tesla. As is Twitter. So, you wouldn’t get any value from those companies. Tesla being public has to report all their information, and I actually looked at it before I commented. It’s actually quite good, but not to the tune of $420 per share good. It’s all speculative value on the future of Tesla really.
Funny number aside, glad he's more on humanities side and more with us by that association.
That amount can bitch slap countries if he wanted to.
"Don't care. He hired Linda Yaccarino. He is a traitor who should die in a fire."
That was basically the last Yaccarino topic.
Some people think if Elon's not perfect, he's worthless...
He can be quite retarded, but compared to every other billionaire he at least seems like a human with some human sense and decency still bouncing around his autism brain.
Which is a very low bar but somehow they all fail it.
I used to work for a guy who was early and fairly high up (but not founder level) at a DotCom 1.0 company everyone has heard of. I'd conservatively guess his net worth was high 8 or low 9 figures, and he was easily the most driven person I've ever met. Was one of those people who you wondered when he slept (and frankly, how he ever managed to get or stay married). Raced yachts for a hobby, that sort of thing.
I think about that, and then I wonder how driven someone who's worth multiple thousands of times what that guy was worth must be.
First person without a royal title with $400bn. The Rothschilds hold the title of baron, so they're exempt from those 'richest men' lists.
Yep, everyone always forgets the famous Forbes list only counts businessmen, who have their wealth in easily counted publicly held stock. Old money and heads of state like the Rothschilds and Sauds are much harder to calculate, and might not appreciate being pointed out by a magazine.
Also it's not really fair to include kings or sultans or whatever, because technically they can claim the GPD of their entire nation.
It’s also a pin in the butt to calculate royal family wealth when it’s split up among a bunch of shell companies, hidden assets, and things where the government owns an asset or part of it.
And they probably keep a bare minimum of actual cash on hand.
stock market confirmed a meme
It's a stale and mean spirited meme in my opinion. I think it has genuinely done a lot of harm to society and creates malevolent incentive structures.
Why would you think that? A company that makes 12b in net profits a year is definitely worth 1.2 trillion dollar. Makes total sense.
meme numbers
I was being sarcastic.
I want to add some information that isn't in the other comments. When you are trading stocks/securities/crypto you can set up automatic purchases and sales to trigger at certain pricepoints. Big business has software that that does this at microsecond speeds to exploit very small but predictable fluctuations in prices. Normal human beings often set buys and sells at meme prices, and so when Tesla rallied past the 420 mark it triggered a legion of horn-honking memeboi sell calls at 420 that temporarily halted the rally.
Usually this barrier occurs at ubiquoitous, psychological threshold numbers like 5, 10, 50, 75, 100, etc but things like Tesla, Doge, due to their association with Elon and Elon's association with memes, will have extra little thresholds at numbers like 69, 69.42, 420, 420.69, etc (move the decimal to the left for doge).
If there were a white supremacy coin (bet there is), it would have a little barrier waiting for it at $14.88.
...Nice...
Damn too bad I didn't have any stock