> So, how are Twitter's remaining investors justifying their US$28 billion bet on Twitter? In this situation I can easily imagine Twitter being worth US$6B or maybe US$10B, but US$28B, the hell?
> TSLA's market cap is US$779.67B
I'd love to see plausible and realistic justifications that Tesla's market cap is worth more than every other car company in existence combined.
Some vague hope that one year, Musk's annual "FSD. This year. For real this time." will come true?
Robotaxis?
It's certainly not their horrific approach to service and quality.
It's an interesting question, but for the purpose of this discussion, it doesn't really matter whether Tesla's market cap is so high because Tesla's investors are deluded fools or because Tesla will really have over US$40 billion a year in profits someday soon, like Apple, Saudi Aramco, ICBC, Alphabet, Berkshire Hathaway, JPMorgan Chase, Microsoft, and I think no other companies in the history of the world. (I'm looking at https://en.wikipedia.org/wiki/List_of_largest_companies_by_r....)
What matters is how much Tesla's investors would change their minds if Elon, or his lender, unloaded 5% of the company's stock on the market. How much would the stock price move? Would Elon's paper wealth evaporate, leaving him unable to follow through on the Twitter offer? Since 5% of TSLA is less than two days of market volume, I think the answer is that the price would move very little, and so he would be able to complete the acquisition.
> TSLA's market cap is US$779.67B
I'd love to see plausible and realistic justifications that Tesla's market cap is worth more than every other car company in existence combined.
Some vague hope that one year, Musk's annual "FSD. This year. For real this time." will come true?
Robotaxis?
It's certainly not their horrific approach to service and quality.