themachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 1 year agoNorway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay packagewww.cnbc.comexternal-linkmessage-square71linkfedilinkarrow-up1638arrow-down17file-text
arrow-up1631arrow-down1external-linkNorway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay packagewww.cnbc.comthemachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 1 year agomessage-square71linkfedilinkfile-text
minus-squareFreedomAdvocate@lemmy.net.auBanned from communitylinkfedilinkEnglisharrow-up1arrow-down2·1 year agoThey’re valued at whatever people will pay for them.
minus-squaremcv@lemmy.ziplinkfedilinkEnglisharrow-up1arrow-down1·1 year agoThat doesn’t mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.
minus-squareFreedomAdvocate@lemmy.net.auBanned from communitylinkfedilinkEnglisharrow-up1arrow-down2·1 year agoIt doesn’t have to be reasonable, it just has to be what the stock market values it at. That’s how valuations work.
minus-squaremcv@lemmy.ziplinkfedilinkEnglisharrow-up1arrow-down1·1 year agoAre your unaware that you are arguing towards a tautology? “It’s not overvalued because this is what it’s valued”. That’s meaningless. If the assets, profits and projected growth do not justify the current valuation, it’s overvalued. That’s the case for Tesla.
minus-squareFreedomAdvocate@lemmy.net.auBanned from communitylinkfedilinkEnglisharrow-up1arrow-down3·1 year agoIt’s worth what someone will pay for it. The stock market is entirely speculative. Tesla is valued correctly.
They’re valued at whatever people will pay for them.
That doesn’t mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.
It doesn’t have to be reasonable, it just has to be what the stock market values it at. That’s how valuations work.
Are your unaware that you are arguing towards a tautology? “It’s not overvalued because this is what it’s valued”. That’s meaningless.
If the assets, profits and projected growth do not justify the current valuation, it’s overvalued. That’s the case for Tesla.
It’s worth what someone will pay for it. The stock market is entirely speculative. Tesla is valued correctly.