Because Musk keeps buying it back to keep the value up.I wonder why Tesla stock is so expensive.
Could it have anything to do with growth?
In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Ford Motor Co's Book Value per Share for the quarter that ended in Sep. 2019 was $8.66.Wow.
Tesla Preferred Stock : $0 Mil (As of Sep. 2019)
Preferred stock is a special equity security that has properties of both equity and debt. Tesla's preferred stock for the quarter that ended in Sep. 2019 was $0 Mil.
The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Tesla's Enterprise Value for the quarter that ended in Sep. 2019 was $53,232 Mil.
In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Tesla's Book Value per Share for the quarter that ended in Sep. 2019 was $33.56
We understand what Pete is saying. You obviously don't. What you are doing is the equivalent of penny stocks on the junior mining exchange. That is mining the market, not the metal. What you are seeing is pure speculation, not stability.Amazingly you still seem to think someone wants to talk stocks with you.
That would be .44 per year. Not bad ROI for the share price.In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Ford Motor Co's Book Value per Share for the quarter that ended in Sep. 2019 was $8.66.
Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). Ford Motor Co's Earnings per Share (Diluted) for the three months ended in Sep. 2019 was $0.11.
Ford Motor Co's Enterprise Value for the quarter that ended in Sep. 2019 was $155,167 Mil.
Sweet. An $8.66 share gets 11 cents in earning. Pretty damn killer ratio.