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> Tesla has no product to justify a stock P/E ratio that is 10X that of a typical auto manufacturer. Tesla has at times been valued at a number higher than Toy
by FireBeyond 2y ago
> Tesla has no product to justify a stock P/E ratio that is 10X that of a typical auto manufacturer.
Tesla has at times been valued at a number higher than Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi. COMBINED. Actually, Tesla was valued at significantly more. Let's close the gap... nope, worth more than all of these AND several Chinese manufacturers: SAID, Geely, Changan, Dongfeng.
The insanity is that this didn't sound ridiculous, but reasonable to a non-negligible portion of the population.
- jqpabc123 2y agoThe insanity is that this didn't sound ridiculous, but reasonable to a non-negligible portion of the population. Even worse is that professional "institutional investors" have jumped on board the crazy train in a big way. They're holding almost 70 percent of the stock. They're reluctant to sell because the resulting price crash might hurt their performance bonuses. So much for the "efficient-market hypothesis".