One 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 pri

One 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.