Don’t talk about fair valuations. Some people will say “who decides what anything is worth anyway”? Let people do what they want. If they lose their money they signed up for it.
The issue isn’t that investors will lose their money, the issue is that in some cases like Tesla they never do. The oligarchs are propped up by their own power over the behavior or the market — a power which is disproportionally larger than the objective value their companies bring to the economy.
SpaceX is a company with the same revenue as Dick’s Sporting Goods.
Space X has the most sophisticated vehicle ever created by man. Dicks does not. If you are only looking at revenue then sure, but that would be silly, you have to look at what the potential in a company is not it's current revenue, if not then looking at Blockbuster in 2008 would seem like a great investment compared to Netflix which didn't have much revenue.
Tesla itself still has the best selling car so I don’t think their potential was hurt much. People who hated him irrationally before hate him irrationally now
You just imagine you can pick for no good reason.
If you elect "total market index" then you want to own SPCX.
Open a brokerage account and pay taxes if you want something more specific.
If you want your 401k to have an "I hate Elon plan" then what point are you making?