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Sorry, that doesn’t explain anything. Issuing shares often increases valuations, and Tesla is more than just a car company because they have invested in electr
by zen21 4y ago
Sorry, that doesn’t explain anything.
Issuing shares often increases valuations, and Tesla is more than just a car company because they have invested in electric drivetrains, battery technology, and self-driving, as well as other product and manufacturing improvements.
“Memed it into existence” is still gibberish.
- haakonhr 4y agoDo they though? It depends on your definition of often I guess and it has definitely been happening more in recent years. I'm unable to find data, but in my experience I can only remember seeing this in sexy companies like Tesla where there are a lot of retail investors. It makes little sense that issuing a lot of new stock leads to a significantly higher market cap (unless there was uncertainty whether a company would be able to raise money at all). I don't think "memed into existence" is gibberish; just hyperbole.