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If Tesla was trading on actual fundamentals, it'd be about $30/share. It's got like a 200x+ P/E ratio, and it's no longer a growth stock.
by empath75 2y ago
If Tesla was trading on actual fundamentals, it'd be about $30/share. It's got like a 200x+ P/E ratio, and it's no longer a growth stock.
- actionfromafar 2y agoRight now it's trading on being a state backed company.
- rsynnott 2y agoOoh, a state backed company! It could be almost as successful as British Leyland, or Lada! Like, historically, "state backed car company" tends to mean "struggles to keep existing while protectionist policies last, then implodes messily once they lapse."
- actionfromafar 2y agoThose imploded when their respective host countries were declining has-been Empires. The US works hard at joining that category, so when/if that happens, we can see Tesla join the British Leyland fate.
- deleted 2y ago[deleted]
- rsynnott 2y agoBritish Leyland was _created_ well after the death of the empire.