this post was submitted on 06 Jun 2026
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Technology
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Really? Has anyone mentioned that to Tesla? Or to whoever is in the government that keeps giving him billion dollar contracts?
Agree with the sentiment. It's not like we are not in a bubble, but the old fashioned business and growth of the 20th century is gone. With technology things scale incredibly so winning the market share can put you on top for decades, and not just with finances. At this point the power and control of information means everything
Oh you mean the Tesla with a PE Ratio of 382 (20 times the industry average), a PEG of 16, P/B to 18, massive insider stock dumps, and is still down YTD? Tesla still has power because of their stranglehold on charging. AI companies have insane costs and people souring on them as they either lose their jobs or see their companies’ costs go up as a result, all without solid ROIs and strong buyers remorse.
And Trump/Hegseth keep giving them contracts because they’re idiots
Ironically, Trump said the same thing about Biden.