WHY TESLA GO UP BUT ALIBABA GOES DOWN
$Alibaba(BABA.US$ $Tesla(TSLA.US$ Tesla hardly making money can skyrocket. Solid rock companies like Alibaba with strong fundamental miss earnings for 1 quarter but still make money overall is valued at 450B Market cap. Makes no sense
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patricklowck123 : stock market price is determine by participants in the market... it's never logical
Btan : Buy and hold. Then it makes sense
humbleInvestor : read the news on China
Mjnaw Btan :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Btan : Rely on fundamentals - baba Is a cash cow
Silverbat : Alibaba is a low tech and hopeless
DonkeyGenius OP Silverbat : Really low tech? There's a reason why they have their own cloud computing software which is already starting to make profits and growing at over 30%
Silverbat : MA was a English teacher, MUSK was a physics/computer talents.
stonks 30000 : Tesla making hardly any money? you still living in 2018? now is 2021 already, time to wake up.
DonkeyGenius OP stonks 30000 : Yes they make 1.6B Last quarter, but their market cap is priced at 1.1 trillion which is totally irrational. Don't u think this is a bubble? Meanwhile alibaba earns 45B in last quarter but their market cap is below 450B which is irrational
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