On: The SpaceX IPO will be the theft of the century

[ggreer]

Tesla's valuation is high because investors expect them to sell goods & services other than cars, such as autonomous vehicle rides and humanoid robots for domestic & industrial use.

Who knows if they'll be able to pull it off, but an analysis that treats Tesla as a car company misses why investors have priced so much growth into the company.

[rich_sasha → ggreer]

It remains the case even then that they have to create an insane amount of value, not merely to grow but to catch up to their current valuation.

But hey Pokémon cards and meme coins and NFTs don't generate any revenue and yet you can make money buying and selling. Up to a point typically.