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Might as well through TSLA into the absurd valuation sphere...PE ratio north of 1000 and projected to be >100 for at least the next 3-4 years. Competitors with
by j_walter 6y ago
Might as well through TSLA into the absurd valuation sphere...PE ratio north of 1000 and projected to be >100 for at least the next 3-4 years. Competitors with PE ratios of 10-40 that produce 50X the vehicles...TSLA market cap higher than the top 9 car makers combined. Musk went from being worth 27B to 185B in a year. The valuation makes no sense...sure long term they could be a giant, but so many other car companies are producing electric vehicles and new battery technology now their competitive edge in the space may not last long.
https://www.cnbc.com/2020/12/14/tesla-valuation-more-than-nine-largest-carmakers-combined-why.html https://www.cnbc.com/2020/12/14/tesla-valuation-more-than-ni...