Tesla dealerships are getting protested and, in some cases, vandalized. Sales are down on 9 of the top 10 countries Tesla sells in. Yet Tesla stock is up. Twitter is a cesspool of nazi-themed bots, and somehow just pulled in $1bn and raised its valuation back up to $44bn.
How is any of this possible? It seems really artificial to me, but I don’t really understand business.
My impression is that the stock market is not really interested in real-world value. It’s interested in projections of future stock price. And those things should be coupled, but they can be very decoupled sometimes.
I don’t understand enough to known why yet though.