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Bitcoin do not represent shares of an actual operating company though. Bitcoin's value lies in how many people want to link their net worth together. Tesla act
by tinco 6y ago
Bitcoin do not represent shares of an actual operating company though. Bitcoin's value lies in how many people want to link their net worth together.
Tesla actually has some sort of future final value, at some point it's going to be clear how many cars they're going to sell, how many engines and batteries and solar panels and AI modules and whatnot. At that point they're gonna pay dividends, and that's gonna decide a reasonable price point. And its current share price just doesn't make sense. What are people going to do when they receive 7 cents dividend per year on their 700 dollar stocks?
Or is TSLA going to pull an Apple and constantly come up with different types of devices to sell? Forever?