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but that is what the stock market is :) you do not purchase shares on any company because of what they are now (unless P/E ratio is negative :) ), you are inves
by bdangubic 2y ago
but that is what the stock market is :) you do not purchase shares on any company because of what they are now (unless P/E ratio is negative :) ), you are investing in the future of the company. I wouldn’t touch Tesla with a wooden stick but you are arguing against basic economics.
- jqpabc123 2y agoActually, Tesla shareholders are the ones arguing against basic economics. Tesla is no longer a "growth stock". Most industry observers are predicting a significant decline in sales for the current quarter. There is no reasonable data or even projected data to support a 12x valuation.
- bdangubic 2y agoat the current evaluation there never was… tesla investors are suckers for elon’s “robo”taxi and humanoid robots and I am sure something “amazing” is coming on the next earnings report :)