Comment on Five People Founded Tesla, But Only Elon Musk Became Extremely Rich

TWeaK@lemm.ee ⁨1⁩ ⁨year⁩ ago

• kpw@kbin.social ⁨1⁩ ⁨year⁩ ago

  According to the stock market, yes. If you know otherwise, go make some money of them.

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  • Syntha@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    The market can remain irrational longer than you can remain solvent.

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  • originalucifer@moist.catsweat.com ⁨1⁩ ⁨year⁩ ago

    hhahah cuz we know the stock market is all real numbers

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    • kpw@kbin.social ⁨1⁩ ⁨year⁩ ago

      Yes? At least people on the stock market are putting up their money instead of just talking.

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      • originalucifer@moist.catsweat.com ⁨1⁩ ⁨year⁩ ago

        meh. most of us call it gambling, and the house has the advantage. lets not kid ourselves that there are real valuations in play here

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      • GentlemanLoser@ttrpg.network ⁨1⁩ ⁨year⁩ ago

        Sorry, you think investing in Tesla confers credibility?

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    • Steve@communick.news ⁨1⁩ ⁨year⁩ ago

      It is all real numbers.

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  • AnonStoleMyPants@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

    Weird that people argue about this. If the value of a company is being talked about, then stocks is what people generally refer to. Now, if you’d specify and talk about some other value, then sure, but if only “value” is being mentioned I see no reason to think it would mean something else than stocks.

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    • TigrisMorte@kbin.social ⁨1⁩ ⁨year⁩ ago

      stocks are unstable and they only provide actual value when sold. Thus, for some, it is at best an imprecise measure. Thus People don't like it and some simply refute the valuation. The fact that it remains the only viable source for valuation is not relevant to them.
      Just a different PoV (world view as to what is valuable in life) which is not catered to by the available data.

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      • TWeaK@lemm.ee ⁨1⁩ ⁨year⁩ ago

        A big part of trading stocks is assessing value independent of the stock price. You want to buy stock when it is undervalued and sell it when it is overvalued. Tesla seems to be in the latter position, IMO.

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• cbarrick@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I don’t like Tesla.

  But they are literally the most valuable automotive company.

  As of right now, their market cap is $794.33 billion.

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  • TWeaK@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Yeah I was a bit surprised. Seems quite clearly over-valued.

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  • Hotzilla@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

    By Revenue Tesla is 11th, and by Earnings Tesla is 8th. Market cap is fictional number.

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