Re:Brutal week sees Tesla shares lose $80B in market value
by refurb on Friday December 23, 2022 @06:44PM
(#34112025)
Stock price is forward looking, not based on current sales. It's why some start-up with $0 revenue can be worth billions.
Not to say that Telsa's peak valuation is justified (it doesn't make a lot of sense), but a much higher market cap could be justified by expectation of substantial growth in Tesla sales, but flat revenue for Mercedes.
Not to say that Telsa's peak valuation is justified (it doesn't make a lot of sense), but a much higher market cap could be justified by expectation of substantial growth in Tesla sales, but flat revenue for Mercedes.