people like George Noble while smart and arguing for common sense

unfortunately lose when hysteria and foolishness i.e memes take over.

Tesla is a meme stock. SpaceX will sell dreams about datacenters in space.

as long as gullible foolish people believe in the meme or the fantasy dreams - arguing your case about valuation will just leave your pockets empty & voice dry.

the only unfortunate thing is now retirement accounts might get torched.

Dutch people went all in on the dot com bubble. After that debacle Dutch citizens swore off the stock market for an entire generation despite economists literally begging folks to put their money back in (the Netherlands has a rather obscene amount of money tucked away in savings accounts).