NYU's Damodaran on how to value companies during the pandemic
Aswath Damodaran, NYU Dean of Valuations, joins 'Squawk Alley' to discuss the news that Tesla will be added to the S&P 500, what it means for the EV market and how he's valuing companies during the pandemic. You can't evade reality, says Damodaran. You have a $400 billion company out there and you call yourself the S&P 500, how long can you hide from not having the company in your index. It was only a matter of time, Damodaran adds. So I'm glad it's in there.