Comment on US judge upholds $243 million verdict against Tesla over fatal Autopilot crash
hector@lemmy.today 1 day agoThis is significant if they actually pay it, it’s a drop in the bucket for their market capitalization, but as to the actual money they have it’s a very large amount, they don’t make that much money it’s all imaginary stock prices not earnings.
I’m sure they will appeal it until they get it cancelled.
NotMyOldRedditName@lemmy.world 1 day ago
They have 44b in cash and 6.2b in free cash flow in 2025.
They make plenty of money.
They’ve paid off almost all their debt as well
hector@lemmy.today 23 hours ago
That is quite a bit,
I just looked up their Price to Earnings Ratio to just see how much it’s changed and it’s 380. Typical P/E ratios are like 12/1. 12 price to 1 earning. It’s insanely overvalued still it defies logical explanation there is no way they ever make enough money to justify 1,540,000,000,000 market price, with 3,750,000,000 shares valued at 412 right now.
NotMyOldRedditName@lemmy.world 23 hours ago
You’re absolutely right that the earnings today doesn’t justify the stock price.
It’s all based off future assumptions that would need to come true like dominating the AV industry and humanoid robot industry.
There was actually a brief period in 2022 I think where the stock price was really high, but they were making more profit than other OEMs combined with a faction of the cars, and they were actually reaching what seemed like a reasonable PE ratio. Then he bought twitter, did the nazi stuff, did the Cybertruck instead of the 25k vehicle (which is now abandoned), and their vehicle growth started shrinking instead of growing.