Comment on Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
FreedomAdvocate@lemmy.net.au 1 month agoIt doesn’t have to be reasonable, it just has to be what the stock market values it at. That’s how valuations work.
Comment on Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
FreedomAdvocate@lemmy.net.au 1 month agoIt 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 1 month 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 1 month ago
It’s worth what someone will pay for it. The stock market is entirely speculative. Tesla is valued correctly.