318
Five People Founded Tesla, But Only Elon Musk Became Extremely Rich
(open.substack.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Dec 2023
318 points (77.7% liked)
Technology
59436 readers
1252 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
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.
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.
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.
It's definitely overvalued, but that's because it's currently valued as the most valuable automotive company on the planet.