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Betting Against Tesla? Be Prepared to Lose
- lutusp 13y agoI'm amazed when an article describes an odd price/earnings ratio without even suggesting the possibility that that might allow the company to expand rapidly with the resulting capital, which would eventually make the P/E radio more reasonable, and ultimately benefit those who trusted that it all made sense long-term. Obviously that outcome isn't guaranteed, but it should be mentioned. Tesla has significant room for expansion right now, but to do that, it needs operating capital. A high P/E ratio provides it.