themachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 20 days agoNorway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay packagewww.cnbc.comexternal-linkmessage-square71linkfedilinkarrow-up1636arrow-down17file-text
arrow-up1629arrow-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 · 20 days agomessage-square71linkfedilinkfile-text
minus-squaremcv@lemmy.ziplinkfedilinkEnglisharrow-up1arrow-down1·4 days agoThat doesn’t mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.
minus-squareFreedomAdvocate@lemmy.net.aulinkfedilinkEnglisharrow-up1arrow-down2·2 days 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-down1·2 days 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.aulinkfedilinkEnglisharrow-up1arrow-down1·1 day agoIt’s worth what someone will pay for it. The stock market is entirely speculative. Tesla is valued correctly.
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.