So, I understand that Tesla is a company that has a possibility of shaping personal transportation in the future, but how can people think it is worth the insane amount it is currently valued at? They do not have much in the way of production facilities compared to established automakers, their competition is advancing rapidly and their market share is decreasing. I’m just baffled by their valuation as a company.
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The simple answer is that there are about 1 billion shares of stock in the company and each share costs a little over $1000 each, why is a single share $1000, I don’t know.
I don’t know enough about the stock market to know what factors drive a stock price to it’s value.
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