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"I think our stock price is kind of high right now, to be totally honest" "Musk says he thinks his current market cap is only 4% of what it could be in a decad
by userulluipeste 12y ago
"I think our stock price is kind of high right now, to be totally honest"
"Musk says he thinks his current market cap is only 4% of what it could be in a decade."
I don't understand what does it mean when you say «Quite a change from "kind of high"» - one stated the current situation (given the company assets and dynamics), the other is a future projection. Where did you see a change/contradiction?
- PhantomGremlin 12y agoOne way to look at a current stock price, especially one that doesn't pay a dividend, is strictly as "a future projection". That's how investors arrive at a price. Using the words "right now" doesn't remove that aspect of stock valuation. Without a dividend and without a future projection a stock is worthless. Why would anyone pay even a nickel a share for Tesla, unless they were making a future projection and discounting it back to the present? Musk's September 2014 statement and his February 2015 statement were both future projections as far as I'm concerned.