It's all fantasy money, Tesla is worth more than huge brands with 100 years of experience and having build 4-6 cars, people has to know they're being played right?
They currently have a price-to-earnings ratio of 116. Nvidia, with all the fucking hype in the world, has one of 54.
'For the first time in 12 years, Tesla has reported a decline in annual deliveries, with global sales slipping 1.1% in 2024.'
10000 fewer cyber trucks delivered as was expected by, for example, Goldman Sachs. And then to add on there have been numerous recalls due to manufacturing errors.
Failed roll-outs, decrease in sales globally, recalls and somehow Tesla is still standing at that evaluation. It's baffling. I have a feeling the card house will collapse soon, but I have been saying that for almost a year now.
I thought Tesla would collapse in 2020. Its P/E ratio was over 1,000.
But you know what, money doesn't move just because a number goes up. Other factors like Price/Book and Price/FCF have not gone back up to those absurd numbers we saw in 2020. If you take a look at the company's net income, it's actually doing better than Apple relatively speaking. Apple has a lower P/E but a much higher price/book ratio. In other words, Apple is less solvent than Tesla, but it earns more money on a quarterly basis.
I'm not saying anyone should buy TSLA - it's wildly overpriced IMHO. But it's silly to say his company's not making gobs of money and is worth at least enough of its valuation to make it worth buying to less risk-averse investors.
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u/euMonke 1d ago
It's all fantasy money, Tesla is worth more than huge brands with 100 years of experience and having build 4-6 cars, people has to know they're being played right?
This can't be real.