this post was submitted on 17 Dec 2023
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According to the stock market, yes. If you know otherwise, go make some money of them.
The market can remain irrational longer than you can remain solvent.
hhahah cuz we know the stock market is all real numbers
It is literaly all real numbers.
Yes? At least people on the stock market are putting up their money instead of just talking.
meh. most of us call it gambling, and the house has the advantage (thats a pun!). lets not kid ourselves that there are real valuations in play here
Sorry, you think investing in Tesla confers credibility?
I never said anything like that.
There was heavy smug implications
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.