Comment on Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
mcv@lemmy.zip 4 weeks agoThat doesn’t mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.
Comment on Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
mcv@lemmy.zip 4 weeks agoThat 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.
mcv@lemmy.zip 4 weeks ago
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.
FreedomAdvocate@lemmy.net.au 3 weeks ago
It’s worth what someone will pay for it. The stock market is entirely speculative. Tesla is valued correctly.