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The real joke is Tesla stock (P/E around 160). Assume Tesla's robotaxi is a serious business effort that is wildly successful and put's Uber, Lyft and Waymo ou
by jqpabc123 1y ago
The real joke is Tesla stock (P/E around 160).
Assume Tesla's robotaxi is a serious business effort that is wildly successful and put's Uber, Lyft and Waymo out of business. Take these company's net revenue and add to Tesla's and you still can't reasonably justify the current price of Tesla stock.
The stock is priced as if auto revenue is growing 20-30% annually. Meanwhile back in reality, it is declining and set for further loses when EV tax and emission credits are removed later this year under the "big beautiful bill".
Tesla stock is just completely divorced from reality.