Replies to post #5420 on Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

Again, it doesn't work like that.

Just because TSLA's share price is higher than SLNN, it doesn't mean TSLA is more overpriced than SLNN. Because you get more shares for the same price doesn't mean you get more value. It doesn't work like that.

SLNN has negative shareholder equity why TSLA has $900 million in shareholder equity. Meaning that Tesla's book value to share price is infinitely better than SLNN's since SLNN has a $9 million shareholder equity DEFICIT.