Uh no, the AI didn’t crack any problem.

The AI produced the same hypothesis that a scientist produced, one that the scientist considered his own original awesome idea.

But the truth is that science is less about producing awesome ideas and more about proving them. And AI did nothing in this regard, except to remind scientists that their original awesome ideas are often not so original.

There’s even a term scientists use when another scientist has the same idea but actually managed to do the work of proving it: “scooped”. It’s a very common occurrence. It didn’t happen here.

Yes, but that does not mean they want to be publicly traded.

There are plenty of privately held for-profit companies, for example Valve. Their business model does not involve stock prices, in fact it is impossible to buy Valve stock.

I doubt that’s their plan, since they aren’t on the stock market.

You can get much better rates if you are willing to lock your savings in for at least few months. Short term treasury bonds are 4-5% right now.

I don’t care if companies speculate or if they make a profit.

Nonsense. Most people who boycott products aren’t posting about it on the internet.

And I don’t know why you assume that opposing one company means you have to oppose others. People are allowed to oppose PayPal but not give a crap about eating meat.

I do, but they don’t own Coke. And my tap water comes from my tap.

I can easily avoid every company owned by PayPal.

It’s an open standard now, it doesn’t really matter that Tesla was the first. So it’s a good thing, kind of like iPhones switching to “Android charging cables”.

I’m not sure what you mean.

You seem to be starting with the assumption that market prices should reflect fundamentals, and questioning why they don’t. But why do you assume that?

“In the short-run, the stock market is a voting machine. But in the long-run, it is a weighing machine.”

You can’t ignore or eliminate either machine.

I don’t care if the market is under responsive to fundamentals. That just means some investors are exercising poor judgment by paying too much attention to irrelevant factors. It also gives an opportunity to investors with better judgment.

I’m sure that Musk hopes that “people will be pushed to buy” his products.

But so far, that plan isn’t working. In fact it’s backfiring, people are running away from his products.

If you’re a value investor then you believe that the actual value of a company depends on its current and future earnings and the market price will tend towards the actual value in the long run.

But naturally there are other factors that also influence the market price. In fact, the whole point of value investing is to find stocks that are “underpriced”. For various reasons, they are currently priced at a discount to their actual value. Those are the stocks you should buy, and you should expect their price to increase.

Conversely, for various reasons some stocks are “overpriced”, like Tesla. You should not buy those, because you expect their price to decrease in the long run.

A corollary is that value investors expect seemingly irrational price movements like we see with Tesla. If share prices perfectly reflected fundamentals, then it would be impossible to find a “good deal”.

Value investors don’t invest in Tesla, so you should not expect its share price to reflect fundamentals.

But they do invest in stocks like Coca Cola and American Express, so you should expect the share prices of those companies to better reflect fundamentals.

No, you base company value on its current and future earnings.

All that government influence is useless if people stop buying your products. And it turns out lots of people don’t want to buy products associated with Musk.

It’s bad because downward trends are bad, especially when the economy is growing.

Look at it this way: suppose you have a job with a decent salary. Your supervisor calls you in and says, “Well, looks like we’re going to cut your pay next year”. You ask, “Is the company in trouble? Is everyone getting a pay cut?” And they answer, “No, the company is growing. Most people are getting raises. Not you, though.”

That’s a bad sign.

Value investing isn’t dead. There are tons of value investors, and they aren’t the ones buying Tesla.

Only if they hosted someone who distributed the app or update. Which nobody is doing.

The law actually bans “providing internet hosting services to enable the distribution, maintenance, or updating of such foreign adversary controlled application for users within the land or maritime borders of the United States.”

If Google and Apple aren’t distributing, maintaining, or updating TikTok then it follows that nobody is providing internet hosting services enabling distribution, maintenance, or updating of TikTok.

Superconductors and Bose-Einstein condensates are both macroscopic phenomena that result from coherent matter waves.