Wall Street Nonsense
On Bloomberg the 15% drop in Tesla share prices was being discussed. The host was talking to some guy named Ivan Feinseth about it, and referenced a previous retarded claim that the problem was that Tesla was not spending enough money.
The host says “We went into this with Wall Street saying we want to see Tesla spend… they are. Why the negative reaction?” which, if we ignore the obvious disconnect of all these financial markets from reality, seems like a fair question.
Feinseth replies “Well they like to see the companies… Wall Street likes to see the companies spend but they don’t like companies that spend”.
Wait, what? What the actual fuck? According to Feinseth, Tesla has never been about cars, it has always been a tech, specifically AI company, because of course it has. Feinseth is obviously your typical finance bro blood-sucking tic living off the actual work of actual people, and is openly thrashing around trying to justify this absurd AI and robots and space rockets bullshit Musk is selling.
Absolute clowns.