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A comment on Tesla on track to smash targets after producing almost a million EVs in 6 months. Parent comment

Re:Tesla on track to smash targets after producing almost a ... by MR4D on Sunday July 02, 2023 @11:05PM (#36568270)
TSLA net income ~12.5 billion

TM net income ~2.5 billion

The relative valuation seems about right. Also, your P/E ratio for TSLA seems really high. It’s about a third of that.

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Re:Tesla on track to smash targets after producing almost a ... by Mistletoe on Monday July 03, 2023 @08:27AM (#36571931)
You are right, I apologize. My quick googling gave me the wrong PE for Tesla. The correct PE is about 77. I didn’t notice because during the euphoria phase it was insanely over 1000 so 261 seemed plausible.

https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-rati...

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Re:Tesla on track to smash targets after producing almost a ... by panick21_ on Monday July 03, 2023 @09:42AM (#36572763)
Well it was infinity and then it was 1000s and then 100s. And these changes happened in a few years.

This is why the endless talk about PE is so incredibly dumb and misleading when elevating companies.

[ Parent | on HN ]