this post was submitted on 30 Dec 2023
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Can't you also name this brand. The majority of the people here know it anyway.
Funnily enough the TSLA stock is 800 billion and the BYD stock is 75 billion.
That's because Tesla is extremely overvalued, because Musk is a con man, who promises Tesla will lead AI for fully autonomous driving, and basically promises that when that happens, it's nearly infinite money. In reality they are currently #4 at best in AI for self driving.
I'm guessing BYD is valued more by criteria similar to VW and Toyota.
PS: Yes I know half of infinite is still infinite. But I hope you all understand what I mean. 😋
Tesla stock is a pyramid scheme.
Many yes, but basically those who don't pay yearly dividends. Which is a ton of them.
~~Tesla stock~~ capitalism is a pyramid scam.
Though when you look at income distribution it looks more like the Burj Khalifa in a desert.