By Jody Chudley There’s one company that appears immune to the pandemic…
But I wouldn’t touch it with a 10-foot pole.
Let me explain…
The market capitalization of a publicly traded company is calculated using a simple formula: market cap equals number of shares outstanding multiplied by current share price.
This number tells us what the stock market believes the company is worth on any given day.
Tesla (Nasdaq: TSLA) began 2020 with a very large market cap.
On January 1, its share price was $420. With 185 million shares outstanding, that gave Tesla a market cap of $77 billion.
And $77 billion is big – really big.
But then, the …read more
