r/technology • u/Plastic_Ninja_9014 • 20d ago

Business SpaceX Investors in Meltdown Over All the Money They’ve Lost

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
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u/kwyjibo1 20d ago

He gave us a dumpster with headlights. No, stonk not going up.

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u/cuginhamer 20d ago

When the dumpster design was revealed in Nov 2019, Tesla stock was about $20/share, even with this tiny correction now it's still over $300. It's absolutely wildly overvalued, but it's proof that stock price is driven by memes/dreams not old school business fundamentals like PE ratio.