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Many companies do not have a solid track record of profitability. This is sometimes because of losses incurred from operations or simply because no revenues

Many companies do not have a solid track record of profitability. This is sometimes because of losses incurred from operations or simply because no revenues have been generated, such as a mining company that is searching for precious metal deposits. Tesla, Inc. for example, had only losses being recorded from operations until late 2018. Explain how an investor might be able to estimate the value of a share where there are no profits historically.

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