Comment by nomel
1 day ago
> people buy it based on vibes, not based on what it's worth.
There's a little secret you should know about the value of all stocks...
1 day ago
> people buy it based on vibes, not based on what it's worth.
There's a little secret you should know about the value of all stocks...
Some are, not all of them. If a stock pays dividends above inflation for decades, it's not just a meme.
Most companies are valued at a price that somewhat reflects their current or near-future revenue. Tesla is mostly hopes and prayers. This doesn't mean they won't come though. But it's valued like the chance of living up to their promises is nearly 100%.
Many stocks pay regular dividends. Notably, Tesla never has.