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I guess that explains why Elon is so poor and the company is valued at practically nothing compare to all other automakers.
by jmward01 2y ago
I guess that explains why Elon is so poor and the company is valued at practically nothing compare to all other automakers.
- lesuorac 2y agoI urge you to check out the valuation of $Fartcoin. The value of an speculative item is not linked to it's yield.
- roenxi 2y agoValuation != profits. Tesla's profits do not explain Musk's wealth, people have been pointing out for years that the valuations of companies like Tesla make little sense. There was a long stretch of many years where they were bleeding red ink like crazy with not much to show for it. The tax system works on accounting reality, not the opinions of stock traders.
- bmicraft 2y agoBut it _is_ profit, just without directly paying it out.