Seems the children's nsaid shortage is happening in the US now too.
Damn you Putin!!! How dare you sneak into all the drug stores and buy up all the baby Tylenol!!!
Damn you Putin!!! How dare you sneak into all the drug stores and buy up all the baby Tylenol!!!
Unfortunately, we have an entire generation of people who don't know what a sane market looks like.
I think you're right, to the extent that it is considered a tech company for the purposes of investing in a tech bubble. Thing is, the tech bubble was only caused by excessive liquidity in the system, which we're seeing now.
Comparing PE ratios for similar companies maybe doesn't tell the whole story, but it definitely helps point you in the right direction. Tesla doesn't have anything special about it that supports its market cap.
Toyota makes several of the top selling cars on earth. It sells industrial vehicles. It sells a successful line of trucks. It sells the top hybrid. They made 280 billion dollars last year, with a gross profit of 53 billion.
Tesla makes like 2 cars. They sometimes sell battery packs but that's about it. This year apparently they're delivering some semis but it's unclear. They made 50 billion dollars last year, grossing 13 billion in profit.
Toyotas market cap is still half of Tesla's market cap.
The question shouldn't be "why is Tesla doing so bad?", It should be "why is this tiny company doing so good?"
And the answer is that it's a debt fueled asset bubble that isn't even close to deflating yet. By my measure, Tesla should be considerably less valuable than Toyota.
Tesla makes like 2 cars. They sometimes sell battery packs but that's about it. This year apparently they're delivering some semis but it's unclear. They made 50 billion dollars last year, grossing 13 billion in profit.
Toyotas market cap is still half of Tesla's market cap.
The question shouldn't be "why is Tesla doing so bad?", It should be "why is this tiny company doing so good?"
And the answer is that it's a debt fueled asset bubble that isn't even close to deflating yet. By my measure, Tesla should be considerably less valuable than Toyota.
It isn't that tough to self-host, and then not only are you participating, you're helping to preserve the decentralization and robustness of the ecosystem. Centralization is what killed big tech, it's too easy to corrupt a single point of failure.
The more distributed the fediverse becomes, the less any one provider needs to pay for hosting since instances only need to serve transactions between users that interact somehow. The more distributed the fediverse becomes, the less a loss of one provider damages the ecosystem. The more distributed the fediverse becomes, the more distributed the fediverse becomes, the more points of failure need to be corrupted to kill or take over the ecosystem.
The more distributed the fediverse becomes, the less any one provider needs to pay for hosting since instances only need to serve transactions between users that interact somehow. The more distributed the fediverse becomes, the less a loss of one provider damages the ecosystem. The more distributed the fediverse becomes, the more distributed the fediverse becomes, the more points of failure need to be corrupted to kill or take over the ecosystem.
I like my nextcloud news as separate from my lotide or my soapbox. Each are different tools with different purposes.
I was subbed on peertube but someone was a dick in the comments so tilvids closed that particular loophole. :/
If commies knew history they'd know that all the degeneracy is clamped down the moment they gain power.
Elon Musk is the richest person on earth solely due to the government you work for. SpaceX's biggest customer is the government you work for. Tesla is only barely profitable due to massive subsidies from the government you work for.
It's a bit rich hearing you complain about how rich and powerful he is when you and yours made him that way.
It's a bit rich hearing you complain about how rich and powerful he is when you and yours made him that way.
@alex I don't know what you did with the latest version of rebased and soapbox 3, but good work. My server loads have dropped by two thirds consistently.
Actual fact checking and dismissing stuff that's incorrect is based.
Shame the journalist class doesn't do that so we have to.
Shame the journalist class doesn't do that so we have to.
Does that make you depressed? Because the Government of Canada has a solution for you!
It's all relative. I mean, what's the PE of Tesla compared to the rest of the industry?
oof.
There's a lot of cultists in the market and we need a lot of liquidity to be sucked out before sanity returns.
There's a lot of cultists in the market and we need a lot of liquidity to be sucked out before sanity returns.
Famously, J.C. Penney is used as a case study in failure. They attempted to get a new market by no longer lying about everything being on sale all the time and instead just post the real price. They wanted to become more like Walmart, but the pain of losing their small core of idiots who think something that's always on sale for 90% off is actually on sale was too much to bear so they went back to catering to them. That worked so well that they went bankrupt in 2020.
I think executives look at the above story and mistake the transitional pain for an actual lesson. The lesson is don't base your business around being shady liars because you'll have to fight to win people's trust back.
I think executives look at the above story and mistake the transitional pain for an actual lesson. The lesson is don't base your business around being shady liars because you'll have to fight to win people's trust back.
I heard a story about how modern pop music is written, many of the writers have tiny little chunks of a song that are then pushed together into a coherent whole. Literally written by committee.
The problem is twofold: first, with high fidelity music recordings going back 80 years and low fidelity music recordings going back 100, you're competing with a century of recorded works. On the other hand, the first recordings ever finally entered the public domain just this year. You can't have music with influences because you'll get sued into oblivion so you either have music that's generic and vetted by a crack team of lawyers or music that's so strange nobody can claim you copied from anywhere.
The problem is twofold: first, with high fidelity music recordings going back 80 years and low fidelity music recordings going back 100, you're competing with a century of recorded works. On the other hand, the first recordings ever finally entered the public domain just this year. You can't have music with influences because you'll get sued into oblivion so you either have music that's generic and vetted by a crack team of lawyers or music that's so strange nobody can claim you copied from anywhere.