Comment by dripdry45
6 hours ago
Does it, though? Tesla stock hasn’t run into reality yet. All that’s required to avoid reality is for enough people to keep believing believing the lie. If a bunch of big companies all invest in each other and never sell, then wouldn’t it prop up the whole thing and the valuation stays high? I’m open to ideas
Valuations are not value.
There’s a point where if you ask to be paid a billion dollars for something that is worthless, people just laugh at you.
Until the next transaction you can keep pretending the old inflated valuation is real, but you can raise capital, not without popping the bubble.
At some point people will stop giving Tesla and NVIDIA more money.