Todem
Footballguy
That stock is my biggest candidate for a massive drop wiping out a lot of peoples paper fortunes in it. Anyone who bought that stock in the high 20’s (yes in 2011 it was trading around 25 and change and I bought it.....and sold it in the 300’s thinking I made an amazing trade and I never got back in) and is still holding are out of their minds not selling here if they had held this long.Agreed, it does seem silly. 950 P/E is f'n insane.
But then I'm reminded of the new investor that likes "cheap" stocks...
For an old school guy like me who does not see the earnings growth needed to justify this multiple and does not buy into the entire cult like hype that they are going to be the only game in town with EV.....this price is truly insane. I can admit it. I simply don’t get it. Nor do I want to. It feels like the Hindenburg. And at some point it is going to burn to ground when true fundamental reality hits the stock if it does not do whatever the hell people who keep piling into it expect it to do.
Somebody tell me.....why should I buy this stock at this price. What is going to make Tesla produce revenue like Apple. Or even Walmart for that matter. Please educate me on this one.
And I get it. They are a disrupter. And they are the first. But I do not see the entire country all driving around in Tesla’s and I do not envision everyone using them for their technology. Other car makers will have their own EV models and options. Maybe I am wrong. But I would really love to know what Tesla stock holders are expecting here. Again if you even bought in the low 200’s you should be taking all those profits and not look back. fantastic trade. I can’t see it being sustained based on pure fundamentals.
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