TSLA is trading at a p/e of 1250+. I get that a huge part of the market is stocks trading at values which try to predicted future returns. With that in mind what earnings would Tesla have to post to put them at even a 50 p/e? It would be astronomical.
This stock has never made sense to me, which is too bad, because if it did, I could have probably retired by now.
TSLA is where they are because they're the class inventor, high-profile company with a high-profile leader, kind of like what MSFT was back in the day.
I figure they have some time in the sun left, but eventually they'll either get their lunch eaten and fade away (Ashton-Tate?) or develop into a stodgy old company that provides things, just like MSFT did.
TSLA will have a reckoning when GM starts pumping out its EVs and also Ford with its E-Mach.
GM already has a pretty good EV production, I'm actually starting to see more and more Bolts around here.
GM just has the marketing genius of a grapefruit sometimes, they should be pushing this electric hard. I think most people don't even know they have an electric car.
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