Comment by InsideOutSanta
12 hours ago
Tesla has become a meme stock. The stock's performance is disconnected from the company's performance.
I agree that Tesla has clear strengths, like the vast amount of data they've collected from their cars, and their charging network, but it's also obvious that something is going very, very wrong with that company. The stock value is not reflecting that.
Tesla is trading at 10x its revenue, which is kind of OK, so there's that.
(Do. Not. Look. At. P/E.)
10x revenue for a company with declining sales is way overvalued.