The Market Ticker - Market Fever Is Still Raging....
Last night’s Tesla earnings would have, you’d think, cut the stock in half.
Tesla is of course a car company. Elon would love to claim its a bunch of other things, but none of them have been deliverable over the firm’s life in meaningful ways. This includes all of the “revolutionary” lines of business he has tried to argue he’d have sewn up — the most-intriguing, of course, being driverless cars that entirely change the paradigm of personal transportation.
Being able to buy such a vehicle means you can immediately (subject to various legal constraints, of course) now own a taxi that can take people from here to there when you’re not using it, wildly increasing utilization and generating…….
(Click link to read more)
Source: https://market-ticker.org/akcs-www?post=251185
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