Tesla dealerships are getting protested and, in some cases, vandalized. Sales are down on 9 of the top 10 countries Tesla sells in. Yet Tesla stock is up. Twitter is a cesspool of nazi-themed bots, and somehow just pulled in $1bn and raised its valuation back up to $44bn.

How is any of this possible? It seems really artificial to me, but I don’t really understand business.

    • Steven@lemmy.studioEnglish
      31·
      4 months ago

      That could just as well be the reasons those banks want those companies to have an inflated value.

      If those companies lose much value there will be a lot of mess and no one involved is going to get richer of it.

      These days a CEO is pretty much someone that markets a company towards the shareholders. Elon is a pretty good marketeer.

        • Steven@lemmy.studioEnglish
          2·
          4 months ago

          Yes, his track record shows he is. He was able to create a brand for himself that made him the richest man alive.

          I don’t think I can think of a better metric.

          While it’s true that half of the world thinks he’s a shithat the other half thinks the man thinks this man embodies some kind of good.

          I fell for it to, back in 2016 I thought the man was going to do great things for humanity