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True, $0 (more realistically $0.01) is the floor. > But I expect a floor at least somewhat above that unless even Tesla's assets end up being worth nothing. T
by falcolas 4y ago
True, $0 (more realistically $0.01) is the floor.
> But I expect a floor at least somewhat above that unless even Tesla's assets end up being worth nothing.
That's the thing though, the value of stocks is only tenuously related to the value of anything Tesla (any company, really) actually does, owns, or sells. It's value is solely based on what it can be sold for. And its sale price depends solely upon what someone thinks they can sell it for at a later date.
So, aside from not going away (and buying its own stock), there's not a company can really do that can have a predictably effect on the stock price.
I've seen too many stocks move solely based on the feelings of a few stock analysts, regardless of the company's achievements, to believe otherwise.
- jacquesm 4y agoThat's the reason I'm not in this game. I see no rational approach to trading in Tesla stock, it is bought and sold on sentiment more than on the underlying value.