I agree with you. But, it seems that many investors keep coming along to buy the stock. Which in turn supports the market price/value of the company.
Sure.
Still, don’t get it.
I use to hear from companies, during the dawn of Internet, “It’s all about market share!”.
Sure enough, they were shortly out of business.
Every business I had was always about the ledger sheet.
“Am I improving Revenues?”
Followed by:
“Am I making margin?”
Just the oddest company and Tesla seems to be be following the Amazon model.
Can’t think of any other company that made it 7 years, before investors decided to dump it and get what they could, if not just stop the bleeding.