• TWeaK@lemm.ee
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    11 months ago

    the world’s most valuable automotive company.

    Lol no.

    • cbarrick@lemmy.world
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      11 months ago

      I don’t like Tesla Elon.

      But they are literally the most valuable automotive company.

      As of right now, their market cap is $794.33 billion.

      • TWeaK@lemm.ee
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        11 months ago

        Yeah I was a bit surprised. Seems quite clearly over-valued.

    • kpw@kbin.social
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      11 months ago

      According to the stock market, yes. If you know otherwise, go make some money of them.

      • AnonStoleMyPants@sopuli.xyz
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        11 months ago

        Weird that people argue about this. If the value of a company is being talked about, then stocks is what people generally refer to. Now, if you’d specify and talk about some other value, then sure, but if only “value” is being mentioned I see no reason to think it would mean something else than stocks.

        • TigrisMorte@kbin.social
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          11 months ago

          stocks are unstable and they only provide actual value when sold. Thus, for some, it is at best an imprecise measure. Thus People don’t like it and some simply refute the valuation. The fact that it remains the only viable source for valuation is not relevant to them.
          Just a different PoV (world view as to what is valuable in life) which is not catered to by the available data.

          • TWeaK@lemm.ee
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            11 months ago

            A big part of trading stocks is assessing value independent of the stock price. You want to buy stock when it is undervalued and sell it when it is overvalued. Tesla seems to be in the latter position, IMO.

            • nxdefiant@startrek.website
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              11 months ago

              It’s definitely overvalued, but that’s because it’s currently valued as the most valuable automotive company on the planet.