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It's so unlikely that they can repeat this. Telsa is supposedly one of the most valuable companies in the world, as measured by market cap. There's no way they'
by hooande 5y ago
It's so unlikely that they can repeat this. Telsa is supposedly one of the most valuable companies in the world, as measured by market cap. There's no way they're depending on pump and dump schemes to sustain their profitability. If that were the case, they wouldn't have nearly as high of a valuation
- tarsinge 5y ago> If that were the case, they wouldn't have nearly as high of a valuation Market cap is just number of stock x unit price. Apart from giving a (very rough) idea of how much it would cost to buy the company, it doesn’t say anything by itself. You can choose to see it as how a company is valuable if you think the market is efficient for that. But that high number could also be an accident of a handful speculative traders, because a variation in price change the whole market cap. Like if I pre mine a 1B of a crypto token and sell someone 1 for 1$ my token will have a market cap of 1B$, but that money is nowhere. The stock market could be more efficient, but there is no guarantee it is at time t for every stock.