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As this stock chart rides off into the sunset, never to be heard from again, we wish Elon well in making the place an actual business with growing revenue, sensible costs, and growing profits. It isn’t often you see a $41 billion company get delisted.
Happy Friday, everyone, and welcome to the end of this insane earnings week. The massive news yesterday evening was AAPL and AMZN, but the big event this morning was the PCE, which is the Fed’s inflation gauge. It was projected to come in at 0.5% for the month, and that’s precisely what was reported. (Because, in spite of the 30% inflation you see whenever you shop, the actual rate is, ya know, 6%).
Nothing dramatic, but definitely illustrates the market has gotten a bit ahead of itself.
I dunno, they might want to reconsider numbers 1 and 7……..:
