Stock market as a whole is…okay I guess. These one-off, bulletproof companies are silly. It’s almost a religion and the people who hold the stock truly believe that Tesla is going to make automatic cars that will drive everyone while also making autonomous robots that will do everyone’s laundry and the current problems are nothing compared to the beliefs in the future. The value will hold until it doesn’t (eg, they finally need the money for today’s bills in a recession that cost them their jobs), and then the value will plummet to something that actually looks normal for the sales they are making at this time.
Until they need their money, they have the unshakable belief they will all be millionaires as soon as Tesla comes out with the world changing techs and has no competition. Should be any day now. Or maybe in 2 weeks.
I don’t think that’s what actually happened. I think people just used it as an excuse. I think it amounts to people not wanting to admit they are <racist, misogynist, Nazi, homophobic, etc> and are looking for an excuse, any excuse, to vote for their secret interests. “Oh I would have voted for Harris, but… She laughed this one time… And really, Trump just feels like a better use of my vote now.”