Wow! How many times earnings is that? Just guessing...1,500? 5,000?
Earnings? I follow a lot of tickers, but IIRC, they had one slightly profitable quarter in 2016. They're burning cash like nothing else and prob lost a few gazillion dollars last year.
This stock is a glowing example of what is wrong with the market today.
This isn't a tech company, regardless of what anyone says, they are an automobile company with an extremely unprofitable solar company under their umbrella. They should be valued like an automobile company. I have no issues with multipliers for growing companies, but don't assign a tech company valuation here.
This is priced for perfection about 15-20 years out - I would never short it bc the Tesla stock fanboys are unstoppable, but I am excited to watch it fall 30% during the next market correction (at which point it will still be grossly overvalued).
Furthermore, the fanboys all scream about autopilot and all of these other features, as if other manufacturers aren't developing something very similar. Most of the fanboys are prob blind to the fact that Lexus (and I'm sure others) have products that allows cars to share information with other cars on the road. In example, I'm on a computer-drive mode in my Lexus doing 70 and coming up to the car in the left lane in front of me on computer-drive mode too, who is doing 60 - the car communicates with the slower automobile in front of it and that vehicle moves over.
Tesla delivers 25k cars instead of 23,500 and their stock is worth an extra $7B - it is truly astonishing to watch. That difference wouldn't even register for a millisecond from another manufacturer, yet alone move a stock $7B.
I don't have anything against the company, but the way it trades and the valuation is beyond anything I can comprehend. I just avoid it, I'd love to short it, but this is just something I'll stay clear of instead. Tesla has reached full insanity mode.