Not with a P/E of ~370 it won't. A P/E of 370 means TSLA would have to make 370x current earnings to be even remotely close to its current valuation. TSLA can't sell regulatory credits and rely on BTC profit forever; at some point they have to make a profit with their core business.

Protip: they won't because they're going to be eaten alive by the number of other electric car manufacturers coming online who DO know how to run a profitable business.

TSLA is pure BBB- speculative garbage and as soon as the Fed stops holding back the enormous lake of shit that is the US economy right now, reality WILL assert itself, just like in 2000 and 2008.

*doublepromote someone else finally telling the truth, even if it is just a fictional tv character. I’ve been saying the same thing since around 2000. If we went all in, halted all co2 emissions and all methane emissions 20 years ago, and invested in methods to catch and sequester what we already emitted, we might have avoided the tipping point where we are no longer in control….but instead we increased emissions every year, flooring it towards that cliff and hitting the nitrous button.
*quality if inconvenient truths

That tipping point was reached well over a decade ago when methane started to melt out of permafrost and the deep ocean where it has been frozen for eons. It’s capable of causing warming >80 times as much as co2 short term, >25 times as much long term, and is boiling out at rapidly increasing rates. Pre 2006 it’s estimated around .5 million tons per year…2006 it was measured at 3.8 million tons…by 2013 that was up to 17 million tons with the trend increasing. More recent estimates are hard to find, but it’s agreed that as temperatures climb not only are hydrates melting much more rapidly, bacteria are also accelerating decomposition in the thawed permafrost, and they emit methane. The Arctic is warming up to 5 times faster than the average global temperature. It’s likely over 50 million tons per year by now if not much higher.

Shakhova et al. (2008) estimate that not less than 1,400 gigatonnes (Gt=1 billion tons) of carbon is presently locked up as methane and methane hydrates under the Arctic submarine permafrost, and 5–10% of that area is subject to puncturing by open taliks. They conclude that "release of up to 50 Gt of predicted amount of hydrate storage [is] highly possible for abrupt release at any time". That would increase the methane content of the planet's atmosphere by a factor of twelve in one shot….game over.

Bear in mind, 1 cubic meter of hydrate contains >160 cubic meters of methane gas at atmospheric pressure.

The amount of increase from bacterial emissions in rotting permafrost is debatable, but even the lowest estimates are insurmountable.

This is only one of dozens of KNOWN feedback loops already in action, and there are definitely unknown feedback systems we can’t predict.

This does not mean there’s nothing to be done, we can still mitigate the damage somewhat, maybe slow the rate of change enough that some animals and plants more advanced than bacteria survive long term. It does mean a massive >99% culling of humanity, a total shift in civilization from a money based civilization to one focused on survival, and likely an unavoidable mass extinction rivaling any previous extinctions.

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Just a protest that went too far....you mean like the vast minority of BLM marches that ended with rioting? No, sorry, this was planned, organised, executed, and was planned by and supported from the Whitehouse, "it's gonna be wild", not a spontaneous over exuberance by people demanding they not be murdered by police where the organisers immediately and strongly denounce those causing damage and injuries and call for them to stop.


How is what you copied and pasted one word different from what I said?
The fbi released the information about him, including photos of him dressed in all black with his glasses hood and mask in the capitol and his posts and discussions with under cover agents outlining his intention to try to frame Antifa for the riot/coup by dressing like them in a press release, there's no crime of impersonating Antifa, nor a crime for having his friends do surveillance in public areas without an actual illegal action attached, but it will all be brought up at his trial and sentencing for....

Knowingly Enter or Remain in any Restricted Building or Grounds Without Lawful Authority to do so and Knowingly, and with Intent to Impede or Disrupt the Orderly Conduct of Government Business or Official Functions, Engage in Disorderly or Disruptive Conduct in, or Within Such Proximity to, Any Restricted Building or Grounds, When, or so that, Such Conduct, in Fact, Impedes or Disrupts the Orderly Conduct of Government Business or Official Functions

Disorderly Conduct on Capitol Grounds

Obstruction of an Official Proceeding....


In other words, charges for his actions during the failed violent coup for Trump that his supporters attempted that killed 5 and that he attempted to blatantly falsely blame on Antifa, just like you do.

Don't be surprised if conspiracy and terrorism charges come soon.

"According to the court record, at the time of his arrest he had several guns, including an AK-47, and the material to make 50 molotov cocktails. Not what you need for a peaceful protest, more what you bring to a violent government overthrow.
An undercover officer with the D.C. police first encountered Duong at the Capitol on Jan. 6, according to the government. Duong described himself as an “operator” and later explained that he wore all black to look like an anti-fascist activist, the government alleged in court documents. In video later seen by investigators, Duong is identified in court documents as shouting “We’re coming for you Nancy” and pushing a fellow protester toward the doors on the Senate side of the building.

"They stayed in touch, and a week later Duong allegedly told the undercover officer he was part of a “cloak and dagger” group that will “build resistances . . . for what will inevitably come.” In March, he told associates, “Keep your guns and be ready to use them.”

"He and others held “Bible study” where they discussed firearms explosives and other training, according to court documents; Duong also brought someone he described as a “three percenter” to one meeting. The right-wing Three Percenters movement, formed in 2008, is named after the false claim that only 3 percent of colonists fought in the American Revolution, many of it's members have been charged in the Jan 6 failed coup.
He talked about surveilling the Capitol building, and in February an associate took some footage of it, according to prosecutors. He also talked about freeing alleged rioters who were behind bars, saying, according to the government, “I see that as an opportunity. With every great revolution, you go to the prisons and you break them out.”
According to the court documents, he and the undercover agent toured the jail in Lorton, Va., where he talked about testing out explosives. He told the agent, the government alleged, that he was working on a “manifesto,” saying, “If I get into a gun fight with the feds and I don’t make it, I want to be able to transfer as much wisdom to my son as possible.” Prosecutors say he also discussed how far he could shoot on his family’s property in the event of a raid and said it could be the site of a second Waco.
He said at a meeting in June that he had collected Styrofoam and more than 50 wine bottles to make molotov cocktails but had held off on buying fuel “to avoid . . . being hit with a conspiracy charge,” according to the complaint filed against him. He told the undercover agent he had been saving motor oil from his car for that purpose."

Yep, sure sounds like a peaceful right wing protester to me, not another anti government right wing terrorist trying to blame their deadly anti American violence on the left....nooooooo.

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You utter fuckwit.

(not you, Morhaus, the dude in the video).

What exactly do you think happens to the people and funds holding those shorts? They have to pay the difference. They are contractually obligated to pay up -- period.

Everyone involved in the short was probably broke long before GME even hit $50. But, as we all learned from Goodfellas, "Fuck you, pay me!"

They're broke and on the hook for shit-tons of money. Guess where they're going to get that money? By selling solid assets. They're gonna dump everything they have to make up for the short loss. Who's holding the shares that're about to start tanking? The funds 401ks are invested in because they have to hold solid, reliable assets. The same funds people are relying on for their futures. These are the people who'll REALLY get fucked by this. If you've got a long enough timeline, hopefully, you'll get your money back (although at a loss of compounded value). If you're 65 and looking at your golden years through a lens of 20%+ returns, you're about to find out what happens when an irrational market decides to return to sanity.

Those are the first order effects. The second order effects range from the merely worrying to the outright fucking terrifying. There's a reason Goldman sent out its little missive last night after Mark Cuban pulled his stunt. This isn't just playing with fire, this is sitting in a room full of gasoline while Skippy, The Face-Ripper Ape On Meth, goes berserk with a blowtorch. God help us if this triggers some latent long-tail event.

The good news is that the idiocy of the crowds has apparently decided to dump GME in favor of silver. GME tanking will be bad, but mostly to people who should pay the price for dabbling magic they didn't understand. GME dumping will be good if you're worried about 2008 repeating itself, only without the whole "not letting AIG" fail thing.

People do not understand how fragile and insanely-interconnected the markets are, and how easily the whole goddamn thing could be brought down. We never solved the problems of 2008, we just dumped money on them; we never solved the underlying issues that lead to the Temper Tantrum of December 2018; and we sure the fuck didn't fix the fundamental issue that almost brought the whole show down on September 17 of 2019. And all this was before Covid. There's a reason I went all-in on bonds back in August and that Warren Buffet is sitting on a mountain of cash, and this is pretty much it.

So yeah, congrats to the little guy and all that shit, but don't think for a second that people at the top are going to be the ones who pay.

Sorry to be the little grey raincloud on this Hate The Hedges party, but you might want to understand the implications of what just happened

Y'know that fund that's getting all attention, Melvin Capital? Yeah, fuck them, right? Fuckin' shorters all shortin' and shit -- they played, they paid!

There's a reason they were bailed out and with all due haste.

Here's the issue: they were VERY good at the shorting game. So good that they actually had to turn away business. They made money like horses makes shit. When clients couldn't get in at Melvin, they went elsewhere. That opened the door to a lot of other firms basically mirroring exactly what MC was doing, which included shorting the fuck outta GME.

Fuck those guys too, right? It's their money, so why should I care?

Let's go back a few year, shall we, to the glorious chapter in finance and economics that was the 2008 Crash. Remember when Paulson lost his shit because he realized that in about 36 hours, the basic system called Western Capitalism was going to shit the bed; the bedroom; the whole house and pretty much every surface above the ocean within a planetary radius? This is sorta like that. Only worse.

The thing about short squeezes is that the losses can be infinite, and that's exactly why WallStreetBets did what they did. They knew if they bought and held -- diamond hands -- the stock would have to rise as the shorters had to cover their bets. Melvin Capital and a shit-ton of other, smaller firms had to do that and ran out of liquidity long before GME was even at $50. For every share of stock they shorted, they need to cough up another share at a higher value -- and they HAD to actually have the higher-priced share.

And here's where things get VERY ugly.

Shorting GME was such a sure thing that a huge number of shorts were placed. In fact, more shares of GME were shorted than actually existed. Oops. But hey, SURE THING, BABY and what's the worst that can happen?

Yeeeah, y'see where this is going now?

So these firms, not only are they broke, they don't have the shares, either. They need to come up with shares, pronto, at any price, because contractual obligations are a motherfucker in the finance world. But again, more shorts than there are shares and the people who have the shares, WSB and 4chan's /biz/, aren't letting them go. The longer they hold, the higher the price will go as short after short faces having to cough up the shares they borrowed.

A lot of people are about to lose a LOT of money -- the kinda losses that have so many zeros attached that looking at the number bores the eyes.

Back to 2008: the reason the whole world almost started Mad Max LARPing back then is that a narrow number of highly-important financial institutions were a wee bit thin on liquidity because they were having to pay it out by the boatload. That's bad. What would be better is if risk were more distributed, and how could that little plan POSSIBLY go wrong? Maybe a Black Swan event involving a huge amount of money that needs to be paid out by all of them due to this annoying bird.

That's where we are now, but no one even remotely knows what that figure is going to be. Again, (potentially) infinite losses multiplied by 150% times the number of shares actually available, multiplied by the dogshit risk factor on the loans and the leveraged payouts -- your best case scenario might be a loss of about $500 billion. Someone has to come up with that money, be it the Fed or other banks/investors, but that latter group has to come up with the money themselves, which is generally accomplished by selling profitable holdings. We all know what happens when a lot of people have to sell, right?

I always wanted to live in interesting times, thus proving what an utter fuckwit I am.

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3) Trump claimed 700 000 the actual number (before the pandemic) was 450 000, which continued the same speed of economic development that started under Obama around 2010. Net Trump loss including pandemic is about 300 k, net loss for Obama including the 2008 - 2010 recession is roughly the same.

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yup, and no good cushioning. Guaranteed that shit will be donated to Value Village and a random stoner will buy it for a dollar to put on the antenna of their 2008 Saturn

Oh yes, I remember last times, 2001 and 2008-9. They've used 96% of cash flow to buy back stock, now they want another. Oddly enough, it's the free market believers that insist they should get more free money instead of letting the market decide, and that's why our airline industry is one of the worst, most despised industries where customer service is non existent. Why waste time serving customers when the government will give you more money for nothing? Not for stocks, cash, promises to keep employees, promises to upgrade aging fleets, just free money. It was a near guarantee they wouldn't improve anything, but CEO compensation would skyrocket....and that's what happened.

I would be ok with bailouts if there were stipulations freezing ANY buybacks or bonuses, requiring improvements in service and planes, and ownership of the companies equal to the bailout amount accepted as collateral that transfers permanently if they don't meet all the stipulations or miss any payments on the loan, no handout. Not going to happen, so neither should a third bailout in under 20 years. Let them fail, service will improve.