• Ulrich@feddit.org
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    2 days ago

    Look closelier. +5% over the last 5 days. +18% over the last month. +77% over the last 12 months. +460% over the last 5 years. That’s in spite of the CEO’s recent deeply polarizing antics that have nothing to do with Tesla itself.

    • WhatsTheHoldup@lemmy.ml
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      2 days ago

      Don’t make up numbers.

      +77% over the last 12 months

      It’s -21.36%. I don’t know where you’re getting this info from.

      Type “Tesla stock” into Google and select YTD (year to date).

      • Ulrich@feddit.org
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        2 days ago

        LOL I am not making up numbers, you just don’t understand what “year to date” means…

        • WhatsTheHoldup@lemmy.ml
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          2 days ago

          Oh, got it. Yeah thats embarrassing. Google places it right after 6 months so i didnt even think about it LOL. I see the +77% over the past year.

          We’re super in the weeds at this point, and Tesla stock has nothing to do with AI so i shouldn’t have even entertained you changing the goalposts, but now that you have I’ll admit you scored on this one.

          Back to the original point though, neither Tesla nor AI will grow in perpetuity, the bubbles will burst, it’s just a question of when.

          • Ulrich@feddit.org
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            2 days ago

            i shouldn’t have even entertained you changing the goalposts

            I didn’t change any goal posts, I gave an example as evidence of how companies’ stock prices can balloon indefinitely with no rational justification. That’s not the same thing.

            • WhatsTheHoldup@lemmy.ml
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              2 days ago

              Yeah we were talking about the AI bubble and you changed the goals to the stock of an electric car company.

              I gave an example as evidence of how companies’ stock prices can balloon indefinitely with no rational justification

              There was no need. I already agreed a bubble exists.

              The question we were discussing is whether or not it will pop.

              My view is it will pop eventually, your view seems to ge that in 100 years from now a pyramid scheme built on infinite growth is somehow still resulting in heaps of returns for investors.

              Time will tell.

              • Ulrich@feddit.org
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                2 days ago

                Yeah we were talking about the AI bubble and you changed the goals to the stock of an electric car company.

                I did not change anything, both topics are about “bubbles” in general.

                I already agreed a bubble exists.

                I did not. My evidence was in the contrary.

                your view seems to ge that in 100 years from now a pyramid scheme built on infinite growth is somehow still resulting in heaps of returns for investors

                You’re intentionally misrepresenting my statements. I never said anything about returns. It’s built on infinite speculation.

                Please stop lowering yourself to bad faith arguments.

                • WhatsTheHoldup@lemmy.ml
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                  2 days ago

                  I did not change anything, both topics are about “bubbles” in general.

                  This is getting a bit tedious. AI is a specific bubble. Generalizing it is still moving the goalposts but I’ll grant you it’s on “theme”.

                  I did not. My evidence was in the contrary.

                  I’m confused now. You don’t believe there’s a bubble? You think Tesla and AI are valued accurately?

                  You’re intentionally misrepresenting my statements. I never said anything about returns. It’s built on infinite speculation.

                  With respect, I don’t even know what you’re saying here.

                  When you say “speculation” we’re talking about the stock price going up correct?

                  If I invest in a company, and the value of that investment goes up via stock price, this definitionally is a return on investment.

                  The stock price going up is a return on investment. I’m not trying to misrepresent you, this is simply what your words mean.

                  • Ulrich@feddit.org
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                    2 days ago

                    You think Tesla and AI are valued accurately?

                    Not being a bubble does not = “Tesla and AI are valued accurately”. “Accurately” would mean that there is legitimate potential for future income. “Bubble” = market conditions that are going to “pop”/collapse. I don’t think there is a “pop”. The stock just going to grow indefinitely, driven purely by hype and advertising. Because that is what has happened to Tesla for the last 10 years and counting.

                    The stock price going up is a return on investment. I’m not trying to misrepresent you, this is simply what your words mean.

                    I consider ROI to be income derived from the products themselves but I suppose if you’re an investor that doesn’t matter either.