3 ms·

When I say valuation, I mean P/E (or, in the case of an unprofitable company, P/S). Two years ago, the QQQQ's valuation was much higher. Today it's much lower

When I say valuation, I mean P/E (or, in the case of an unprofitable company, P/S). Two years ago, the QQQQ's valuation was much higher. Today it's much lower. TSLA is just following the broad market trend. It's not complicated.

tempsy 4y ago
ok.. what is an appropriate P/E that would not make it "rich" when as discussed TSLA's P/E has never traded this low?
- pgwhalen 4y ago
  Not OP, but they’re clearly comparing it to other car companies. TSLA’s is arguably still 10x what it should be.