They've got one of the highest P/E ratios on the S&P. Pretty much the definition of overvalued.
But the short-sellers have been burned so many times, its stayed inflated long past its peers throughout the rest of the tech sector.
this post was submitted on 06 Feb 2024
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People shouldn't throw their Teslas in the water, whatever the way the stock performs.
How else are we going to electrify the eels?
Right, you're only supposed to throw car batteries in the ocean, throwing the whole car in is just littering.
Tesla will be unable to compete with other cars soon. I would not buy the stock, except for short term bounce.
That probably means it's a good time to buy the stock tbh
I think it just means it's over valuation started to end coinciding with the calendar year
Not really. It still has a price to book ratio of 9.10, which is still ridiculous for a car company.
For comparison:
Toyota is 1.21
Ford is 1.05
Honda is 0.66
VW is 0.38
Nissan is 0.36
The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market value to its book value (where book value is the value of all assets minus liabilities owned by a company).
I agree, but hype drives up tech stocks. I don't buy tech stocks at all because it's just random in this regard
"Worst performing stock this year"
It's february. I think whoever wrote that article has an agenda.
Well, it's a bit surprising that Tesla is the worst-performing stock so far. I mean, the Boeing scandal was a disaster image-wise, and others are struggling real hard. But even with all that, Tesla is performing worse than the airplane manufacturer, who can't build secure and quality-controlled aircraft. The tide is turning for Tesla. Competition is getting stronger and starting to roll out strategies like the BMW 50% 2025 Plan, which means Tesla as an electric automobile manufacturer has dire times ahead if they don't start fixing things.
Tesla long stopped delivering on promises they, or rather Musk, made. They need something other than words and visions to sell, and fast, otherwise, the stock is going to normalize more and more, to a degree a mid-sized automobile manufacturer would be, as the shareholders slowly start losing faith and jumping ship, as long as the stock is overvalued and there are buyers.
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