this post was submitted on 07 Sep 2025
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we on lemmy probably know most of the shortcomings, but it's amazing that more perfect union is making videos about it for laymen as well

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[–] hark@lemmy.world 1 points 14 hours ago (1 children)

I think it also highlights the absurdity that the stock market has become and how it directly contributes to a culture that allows for human suffering as long as record profits are believed to be around the corner.

I don't even understand what record profits they're expecting at this point. Their sales numbers are dropping, they're facing stiffer competition, the carbon credits and ev tax credits which benefited tesla so much are going away, and more of their newer offerings like the cybertruck and the taxi service have been absolute disasters. Somehow the company still enjoys about a $1 trillion market cap.

[–] Doomsider@lemmy.world 1 points 12 hours ago

It is irrational for sure. The stock should have tanked a long time ago based on performance and future prospects, but it is still high as ever.