Most investors believe that no one rings the bell at the top. Well, you can thank Uber for doing just that. I just talked about how idiotic Uber’s valuation was a few days ago….. Silicon Valley’s Illiquid Bubble Update. Now this…..
Uber CEO To Tesla: Sell Me Half A Million Autonomous Electric Cars In 2020
Sure, why the hell not. When your operating loss is $415 million on just $470 million in revenue, but your valuation is $50 Billion, you can just about buy anything you want. Just as Alibaba (BABA) has been doing over the last few months – it’s working very well for their stock price – as predicted here.
So, to summarize, one stupidly overpriced company (Uber) is so confident in their future that they are willing to buy $25 Billion worth of cars in just one year from another stupidly overpriced company Tesla (TSLA), selling at 10 revenue. Yep, this is going to end well.
I don’t know about you, but I am hearing this bell loud and clear.
