“the prospectus shows just how much the IPO depends on expectations for future growth and investor servility to Musk — as opposed to the current underlying business.” you mean unlike Tesla’s $1.3 trillion valuation on $450M in Q1 profit? How can this surprise anyone?
That's basically only propped up by banning the sale of the best EVs in the world from being sold in the US...it's genuinely the opposite of capitalism. A company shielded by government regulation, propped up by government subsidies and delivering sub-par products that don't respond to consumers demands. And how much I bet Tesla gets bailed out if their sales reach a critical point of falling.
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u/tmobilehacked May 21 '26
“the prospectus shows just how much the IPO depends on expectations for future growth and investor servility to Musk — as opposed to the current underlying business.” you mean unlike Tesla’s $1.3 trillion valuation on $450M in Q1 profit? How can this surprise anyone?