|
| Yes but post COVID realignment to reality will occur. Tesla no doubt has done some incredible things.. like make it’s stock investors rich.. but earthly forces like gravity still rule.. how things work out... bubble pops or deflates..? Will be interesting to watch.
https://www.businessinsider.com/tesla-stock-price-rally-explained-el...
“Despite all of those potential upsides, many experts argue that the frenzy surrounding Tesla is nothing more than a bubble that will burst sooner or later.
By conventional measures, they point out, Tesla's valuation is completely out of whack with the rest of the auto industry. It has a price-to-earnings ratio (P/E) of 1,200, meaning that for every one dollar of earnings, Tesla enjoys $1,200 of market cap. For comparison, Ford's P/E is 22.74, while General Motors' is 17.84.” | |
|
Stock market over valued?
