Apple has over $100B in cash. They have patents, contracts, data centers, subscriptions, products, established market, consistent sales, etc. There would have to be a drastic change to the world for that to evaporate.
Sure, some of the value is speculation on how they will do in the future but not nearly to the extent of Tesla’s valuation. Apple has ~4x the revenue of Tesla and ~2.5x the market cap.
Apple has over $100B in cash. They have patents, contracts, data centers, subscriptions, products, established market, consistent sales, etc. There would have to be a drastic change to the world for that to evaporate.
Sure, some of the value is speculation on how they will do in the future but not nearly to the extent of Tesla’s valuation. Apple has ~4x the revenue of Tesla and ~2.5x the market cap.