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Having owned a ton of Tesla stock since 2018. I can tell you that your P/E analysis is very shallow. Anyone looking to determine the value of the company should
by enslavedrobot 2y ago
Having owned a ton of Tesla stock since 2018. I can tell you that your P/E analysis is very shallow. Anyone looking to determine the value of the company should at the very least read and understand the Tesla Master Plan 3 document. Their execution vs that plan is an actual metric you can use to project the future value of the company.
- oblio 2y agoLOL. That's a generic description of the energy transition. It's not like the rest of the world is blind. Chinese companies are the champions of battery and solar panel manufacturing. Every major economy has major electric car manufacturers, China is ahead of everyone. Tesla's batteries are made in collaboration with LG Chem and someone else, I forgot who exactly. Your point is that you're expecting Tesla to monopolize the global energy storage and usage markets? It ain't working, if that's the plan. If reason returns, Tesla should probably be valued at less than Kia or Hyundai.
- enslavedrobot 2y agoIt's a description of Tesla's future business direction and a metric against which you can value the company. That's how you make meaningful models and value a business. P/E is meaningful only in context. Buying stocks based on PE is a very good way to lose money.
- oblio 2y agoAnd my point is that even with "their future business direction", their valuation makes no sense.