Comment on US judge upholds $243 million verdict against Tesla over fatal Autopilot crash
hector@lemmy.today 1 week agoThat 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 1 week 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.