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A comment on Tesla's market cap now accounts for roughly 1/3rd of the global automaker market. Parent comment
> doesn't take into account any other factors such as projections, profitability or debt
You seem to confuse a few things here.
Explain how Amazon could ever be worth more than zero for most of its existence, then?
Price of stock is largely dependent on people willing to buy it and sell it. When more people want to buy it, the stock price generally goes up.
Why do people want to buy more than sell? Generally, it's when they think the future price will be higher. Projections, sort of.
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> doesn't take into account any other factors such as projections, profitability or debt
You seem to confuse a few things here.
Explain how Amazon could ever be worth more than zero for most of its existence, then?
Price of stock is largely dependent on people willing to buy it and sell it. When more people want to buy it, the stock price generally goes up.
Why do people want to buy more than sell? Generally, it's when they think the future price will be higher. Projections, sort of.