One way to explain this is that “goodwill” is an intangible that shows up on the balance sheet, which must always be balanced. Assets = Liabilities + equity.
Goodwill is on the asset side of the equation.
Basically, Tesla stock owners consider the company to have ambiguous secret sauce of the right employees, IP, brand recognition/reputation that makes it more valuable than its current on-paper business activity.
Or, it’s just a stock that they believe they can find buyers for – a belief which has been proven to so far be true.
Goodwill is on the asset side of the equation.
Basically, Tesla stock owners consider the company to have ambiguous secret sauce of the right employees, IP, brand recognition/reputation that makes it more valuable than its current on-paper business activity.
Or, it’s just a stock that they believe they can find buyers for – a belief which has been proven to so far be true.