As some of you surely know, Elon Musk’s lovely contributions to humanity have taken yet another fanciful turn. After a few hard lemonades, he spat this out on the tweet deck:
I’m sure there’s more to the story than meets the eye, though it presents a fascinating look at how markets react in the current age. We have already seen how the Religious Investor approach chucks all principles and guidelines out the window in favor sheer fanboyism, but it’s getting worse. Literally nothing matters except the increasingly-fatter balloon of millennial viral popularity.
Tesla fans will quickly castigate any skeptics on stock price by appealing to the “technology of the future,” but a mere microemail from their leader is now enough to cut about $15 billion from the market cap. Is the company now fairly valued, still too big, or dirt cheap? No guess exists worth taking.
In fairness to Teslaites, the rest of the stock market is not acting much different, so they can hardly be brought up on charges of cucking against humanity. We just have to sit and wait, or maybe buy bitcoin and hope it goes to $150,000. I mean, come on.
All that’s left to say is this: quality weed matters, Elon.
ECONOMIC COMMANDER 