Comment by __alexs
12 hours ago
Tesla has a P/E in the hundreds and a ~0.3% market cap to profit ratio. In what world is this "very" profitable?
12 hours ago
Tesla has a P/E in the hundreds and a ~0.3% market cap to profit ratio. In what world is this "very" profitable?
In the world where it makes $8-10B in profit on $90-95 billion in revenue every year. Whatever price investors choose to trade the stock at is irrelevant to those numbers.
It's actually down to $3.8B in profit now, and will be losing money within a year at the rate its been losing profitability.
2% net return on assets is garbage