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Snark aside this is pretty true. Tesla's valuation by the market is completely detached from reality. Something about market can remain irrational but if/when p
by Spivak 2y ago
Snark aside this is pretty true. Tesla's valuation by the market is completely detached from reality. Something about market can remain irrational but if/when people start believing that Tesla is a mature company whose stock price has to ride on realized quarterly numbers instead of future growth/ambition then they're gonna have a lot of trouble maintaining their price.
- Clubber 2y ago>whose stock price has to ride on realized quarterly numbers instead of future growth/ambition then they're gonna have a lot of trouble maintaining their price. Sure, that's also true of every tech company. Tesla's P/E ratio is around 47, which isn't great, but also isn't terrible.