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So I guess “stocks like Tesla” are really just tulip petals? What are people paying for?

• systemvoltage 5y ago
  It's a great question. Future potential, leadership, tech stack, manufacturing capacity, etc. There is a lot of "soft" aspects of running a company and valuation is one of the most difficult/error-prone things to do. Damodaran's Google talk kind of does a good job describing valuation of high-growth companies (it is deceivingly simple): https://www.youtube.com/watch?v=Z5chrxMuBoo https://www.youtube.com/watch?v=Z5chrxMuBoo