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I'm not sure what your point is. High P/E is a sign of overvaluation and a bad investment. Just because the market is irrational doesn't mean you should sign
by willis936 9mo ago
I'm not sure what your point is. High P/E is a sign of overvaluation and a bad investment. Just because the market is irrational doesn't mean you should sign up for to be a bag holder.
- afavour 9mo agoPretty sure OPs point is that Tesla has shitty results, has a CEO that lives “any publicity is good publicity” as a mantra and the company valuation is through the roof.
- willis936 9mo agoYes and none of those are good things.
- array_key_first 9mo agoThey're good things right now for Elon and Tesla. Whether they will continue to be is up in the air. But, it definitely works as a strategy, at least temporarily.