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A comment on Tesla, Musk must face shareholder lawsuit over going-private tweet. Parent comment

Re:Tesla, Musk must face shareholder lawsuit over going-priv... by xkjkls on Friday April 17, 2020 @12:40PM (#22900507)
I'm not sure I would call Tesla a success. The company has racked up GAAP losses of close to $7 billion since going public, and has never made an annual profit. Whatever Elon Musk has created, it doesn't look anything like a sustainable business.
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Re:Tesla, Musk must face shareholder lawsuit over going-priv... by frank2 on Friday April 17, 2020 @12:45PM (#22900566)
The stock market disagrees with you:

The market cap of Tesla is 137.2B in contrast to GM's 29.8B, Ford's 19.6B and Daimler's 32.3B.

Source: https://markets.on.nytimes.com/research/markets/usmarkets/in...

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Re:Tesla, Musk must face shareholder lawsuit over going-priv... by xkjkls on Friday April 17, 2020 @07:36PM (#22904014)
The market can remain irrational for a long period of time. WeWork was worth 40 billion two years ago. Now it's worth a negative number.
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Re:Tesla, Musk must face shareholder lawsuit over going-priv... by frank2 on Friday April 17, 2020 @09:15PM (#22904520)
When you picked WeWork out from the pool of many thousands of companies valued at 40 billion usd or more two years ago, you had the benefit of hindsight, which we don't have on the question of whether Tesla is currently overvalued by the stock market.
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