Quote:
Originally Posted by Christopher Jordan
Ditto. This is a 'cut-and-paste' from the same SF newspaper business section -
"In three days, Tesla shareholders lost $4.7 billion, or nearly 22 percent of their investment. "
Fires in Seattle, Mexico, and Tenessee are going to be a small part of the companies problems.
|
I hate when the press talks about stocks as if market cap were actually a good indicator of value. Very few people paid 180 dollars a share for Tesla stock. Shareholders did not lose 4.7 billion, because someone has to be there to buy their stock before they can call that 22% their own.
During the crash in 08 they said nonsense like "trillions of dollars were erased". How can you erase the dollars if they didn't ever exist? [sigh]
Okay [/rant].