The Importance of Goodwill

Professor Aswath Damadaran: Goodwill is the accountant admitting he screwed up because that's the way to think about it. The problem with Tesla is you've got, for lack of a better word, a delusional CEO who keeps expanding the story on you. He says there's an Elon Musk fandom, which essentially Tesla investors aren't worried about delivery schedules not being met.