Re:Tesla cuts prices as Model 3 deliveries narrowly miss est...
by querulous on Wednesday January 02, 2019 @03:31PM
(#18809888)
tesla already has a market cap bigger than both ford and gm. you have to believe tesla is going to be the sole major north american car manufacturer in the near future to think tesla is a growth stock
Re:Tesla cuts prices as Model 3 deliveries narrowly miss est...
by dmode on Wednesday January 02, 2019 @03:47PM
(#18810019)
While we can argue whether the $50B market cap is too much, i was only commenting on a hard rule around valuation and earnings for a company in growth mode. I mean, I haven't looked at the P/E ratios but I bet Amazon's will look out of whack compared to Walmart's
There is no rule like that on a growth stock. You don't value growth stock on a P/E ratio, but some measure of future discounted cashflows.