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Ride-sharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors (www.cnbc.com)

submitted 1 month ago by vegeta@lemmy.world to c/technology@lemmy.world

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[–] vxx@lemmy.world 2 points 1 month ago* (last edited 1 month ago) (1 children)

I never claimed they will become bancrupt, but they will eventually get to their true value that isn't based on lies, false promises and market manipulation. But then will come the lawsuits and they could very well end in bancruptcy.

Alright, apparently I overestimated it's share of S&P, so I'm even more convinced it will happen soon.

Major investor firms have already significantly lowered their stake in Tesla because of votality. S&P 500 would be wise to do the same.

[–] ContrarianTrail@lemm.ee 7 points 1 month ago* (last edited 1 month ago) (1 children)

The S&P500 index doesn’t speculate about whether a company’s stock is over- or underpriced. It’s a market-cap-weighted index, meaning the weight of companies like Tesla is based on their market value, not an estimation of their future performance. Speculating about whether a stock is overvalued is something actively managed funds do, but the S&P500 is designed to passively reflect the largest U.S. companies based on size.

[–] Knock_Knock_Lemmy_In@lemmy.world 3 points 1 month ago (1 children)

Minimum Market Capitalization of $8.2 billion
Structured as Corporation Based in the U.S. with Common Stock in Capitalization
Listed on an Eligible U.S. Exchange (e.g. NYSE, NASDAQ)
Positive Reported Earnings in the Most Recent Quarter and on a Trailing Twelve Months (TTM) basis – i.e. the Sum of the Most Recent Historical Four Quarters

This last one is interesting. Large companies with very risky cash flows are excluded from the S&P 500

[–] vxx@lemmy.world 3 points 1 month ago* (last edited 1 month ago)

These are the requirements you need to fulfill before a board of investors decide. I don't think they need to have anything else than "We don't like you anymore" to get rid off it.

But yeah, October the 23rd will be an exciting day.

On a different note, musk said it himself that only a fascist takeover of trump can spare him from jail, so even he knows he and his company is cooked, if laws finally catch up to him.