Comment on What is happening with Tesla (TSLA) stock currently? đ
spankmonkey@lemmy.world â¨4⊠â¨weeks⊠agoThe stock market casino, where the value of a company is based on someone making a comment about things unrelated to how the company operates.
Sc00ter@lemm.ee â¨4⊠â¨weeks⊠ago
But the comments do matter?
The stock market traded on speculation of future value, not current value. If tesla increases profit by $1M , their market cap doesnt increase by $1M. It increases or decreases by the speculative future value.
If protestors are going to be prosecuted, the perceived value of the company increases because theyre will be less negative press.
It also leads to, "what else is the president going to do to help muskâs company? " and that list is endless, and speculation runs wild.
spankmonkey@lemmy.world â¨4⊠â¨weeks⊠ago
Thatâs what makes it a casino, because the future speculation isnât based on anything tangible, just feelings that can be swayed by a single sentence.