If you want the starkest example of this, here is a chart of the consensus Wall Street *2026* earnings estimates for Tesla over the past 5 years (red), vs. its share price (green). EPS 80% lower, stock 90% higher. They simply don't give a shit.
Keubiko 🇨🇦🇺🇸🏳️🌈🏳️⚧️🇺🇦💪
Fundamentally, about 90% of it. But legions of retail incels, as well as institutional insufferable dipshits like Ron Baron, are willing to pay any price. They simply don't care. These stonks are just magic beans.
Keubiko 🇨🇦🇺🇸🏳️🌈🏳️⚧️🇺🇦💪
And how much of that value is just smoke and mirrors (aka- total bs)? Each company is paying/buying from the other, the “value” looks like old school check kiting
