I will get downvoted for this, but my opinion is this is because the stock market isn’t “real”, it’s just a sentiment consensus machine.
To be clear: I think some of the "sentiment" is from "serious" investors who care about fundamentals.. so there's some pool of people betting against each other based on that... but overall the market isn't necessarily tied to how well a company is doing. It's a casino.
Some combination of trading strategy (to include sentiment but like Fidelity 2045 isn't doing HFT), payola, and buy-and-hold. Possibly with some anti-sentiment hedging.
Remember I am not claiming sentiment trading doesn't exist, I am disputing that the market is "just sentiment" - either literally or hyperbolically.
> overall the market isn't necessarily tied to how well a company is doing. It's a casino.
Lot of daylight between "sometimes hype is a factor" and "it is basically roulette".
- until 2025 it was listed as Pilot Production
- in Q1 2025 it moved to Construction
- in Q4 2025 it moved to Tooling
- in Q1 2026 it moved ... back to Pilot Production !
Everybody knows they just make up stuff as they go, but it's quite hilarious to watch. 1 Trillion $ company. I just can't wait for this house of cards to finally fall.
I always see Fred attacked on HN, but I never see anyone cite false statements he’s made. He’s just a bad person for hating on Tesla. As if it’s bad for a writer to critically cover a company doing bad things.