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.
Every public company bolsters its’ values as much as possible whenever possible unless they’re planning to do stock buybacks or it’s disassembling the business’ assets for profit with the intention of bankruptcy and boardmember bonuses as the end goal (vulture capital).
However, it should be said that Elon Musk isn’t just artificially boosting his companies. He is literally boosting them. His newfound government power and influence is helping him serve government contracts to himself and cancel them for competitors. The state department awarded him a $400,000,000.00+ USD contract just a short while ago for electric armored vehicles.