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Finally, my starting cost of capital of 10.15% reflects the reality that the riskfree rate and equity riskpremiums have risen over 2022, and my ending number of 9% is an indication that I expect Tesla to become less risky over time. It was the reason that I argued at a $1.2
10] Initial Public Offerings (IPOs): While the ultimate pricing of an IPO is determined by public market demand and conditions, pre-IPO valuations set by late-stage private rounds guide expectations and internal planning. [11] 1] , [21] , [23] , [29] The terminalvalue is estimated by applying a relevant market multiple (e.g.,
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