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The PE is STILL 85. It was almost 1000 about a year and a half ago. They have sailed on smooth seas, now the market is rough and their products are having min
by floatinglotus 4y ago
The PE is STILL 85. It was almost 1000 about a year and a half ago. They have sailed on smooth seas, now the market is rough and their products are having minor issues. Wait until there is one major problem and it will be a free fall.
- impulser_ 4y agoI don't think PE is acceptable measure of value for a company like Tesla. The real reason for the decline is money is becoming tight. Also you have increasing competition from Ford, and GM and other automotive companies that can sell cheaper than a Telsa due to scale. The F150 Lighting is cheaper than the Tesla Model 3. Mustang Mach E is a third of the price of the Model Y. So as money is becoming tight, people that have any interest in owning an EV are more likely to buy cheaper alternatives. This on top of cars sales being in a free fall lately. Most car companies are seeing massive decrease in sales Y/Y.
- nradov 4y agoThe Ford Mustang Mach-E is a good car, but it costs a lot more than a third of the price of a Tesla Model Y. And at the moment the price is kind of moot anyway since most dealerships are completely sold out.