• Buffalox@lemmy.world
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    1 year ago

    Since it’s not a stock company, the valuation is speculative.

    But the company being insolvent, and running on a deficit without prospective og turning a profit. Would by normal measures render the company worthless, except if there is a tax benefit to take over.

    Musk can value it at whatever he wants, I strongly doubt he will find a buyer at any price.