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To be honest most of the "credit" comes from Wall Street. Yes, Tesla wouldn't have been profitable if you subtracted the credits but it is absolutely not worth
by anthony_r 6y ago
To be honest most of the "credit" comes from Wall Street. Yes, Tesla wouldn't have been profitable if you subtracted the credits but it is absolutely not worth as much as the market says with the credits or even with 3x the credits it got.
And the $TSLA price it's not just some random number mostly irrelevant to daily operations of the company, they sold/issued many shares at such valuations.
- epistasis 6y agoI've never looked, but I had always assumed that Tesla's valuation comes from lots of rabid-fans from the retail market. Are there many large investors or Wall Street players that are driving the share price?
- anthony_r 6y agoI did not distinguish between large and small investors, but pretty sure there are enough institutions on board.