[mgolawala]

The valuation of the company has little to do with the equation of how much profit has been made in the past. It is focused on the companies profit potential in the future. This has always been the case.

Sears or Ford may have produced a ton more in profit than was, as you say, put into the company. But the current valuation is based on what profit the market believes it will produce in the future.

[ryandrake]

I think what amazes OP is that "convincing people that profit will happen in the future" produces better stock value than actual profit happening today. We all know that's how it works but it's still amazing. The market is clearly showing that a bird in hand is worth less than two that might be in the bush 10 years from now.

[JumpinJack_Cash]

> > This has always been the case

Musk is 50, already past his intellectual prime. Has been an entrepreneur (or at least he claims) ever since he was 20.

If he hasn't delivered any profit in 30 years, it's clear that his business model is based on politics, subsidies and aggressive promotion to sell the stock and enrich himself as opposed to building something that improves the quality of life of the avg. citizen.

[inemesitaffia]

No profit in 30 years? You know people can count?

Are you one of these people who believe contracts/loans are subsidies?