Comment on Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
FreedomAdvocate@lemmy.net.au 4 weeks agoYou took the wrong message from what I said.
The stock market isn’t “wrong” - it’s the stock market. Tesla is worth what the stock market says it is, quite literally. Hype, corruption……yeah, that’s the stock market.
You can’t just take “hype” out of the stock market because that’s one of the biggest, most essential parts of it.
mcv@lemmy.zip 4 weeks ago
By that argument nothing is ever overvalued because apparently that’s what the stockmarket says it’s worth. But crashes still happen.
FreedomAdvocate@lemmy.net.au 4 weeks ago
They’re valued at whatever people will pay for them.
mcv@lemmy.zip 4 weeks ago
That doesn’t mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.
FreedomAdvocate@lemmy.net.au 4 weeks ago
It doesn’t have to be reasonable, it just has to be what the stock market values it at. That’s how valuations work.