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Tesla at a forward P/E of 80 is massively overvalued as a car company. You can get Mercedes or BMW at a P/E of 6, with a 9% yield. Sure, the EV market is still
by mrich 2y ago
Tesla at a forward P/E of 80 is massively overvalued as a car company. You can get Mercedes or BMW at a P/E of 6, with a 9% yield. Sure, the EV market is still growing, but Tesla is not the only player. All brands now have EVs, there are both cheaper and more luxurious Chinese EVs, that's some massive competition.
The only reasons Tesla could be valued differently are FSD and Robotics, which Musk and Tesla-friendly analysts are heavily pushing. Since Musk has made massive loans against his Tesla stake you can expect that he will keep highlighting those narratives as well. A revaluation of the stock to sane levels would certainly cause him some financial difficulties.
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- forgot-im-old 2y ago[flagged]
- bravetraveler 2y agoAnyone with eyes can see him cozying up to public funding/Uncle Sam
- red-iron-pine 2y agodebatable given how much he's been cozying up to the Russians and Saudis betcha in 10 years time we'll learn about all of the ITAR violations and other shady behavior
- bravetraveler 2y agoYoung money comes from old money, yes
- forgot-im-old 2y agoThat's typical smoke screening when your'e working with the CIA as the link implies Don't have to wait 10 years if you read the WikiLeaks above.
- jrflowers 2y agoWait is the “Wikileaks” here the Reddit post or is the “Wikileaks” the couple of links to public news sites?
- rasz 2y ago[flagged]
- tim333 2y ago>The only reasons Tesla could be valued differently are FSD and Robotics Maybe a bit of that but investors are more buying into Musk's past track record with Tesla and SpaceX which has been pretty good really.