It’s overpriced. Unlike most tech companies, making automobiles is a cyclical, labor, and capital intensive business that is unlikely to produce consistent pro

It’s overpriced. Unlike most tech companies, making automobiles is a cyclical, labor, and capital intensive business that is unlikely to produce consistent profits over the long term, which puts the value of it’s earnings far lower than other tech companies. Their is a substantial risk of zero profits or large losses during a downturn. If it had a single digit P/E ratio like virtually every other automaker, the stock price would be substantially lower. It’s totally reasonable to fully liquidate as it’s not possible to time the market and determine when the peak is and it’s clearly over priced. However, that doesn’t mean that Tesla will fail or that it’s a bad company. It’s just people have bid it’s stock price up to a crazy level.