Tesla’s market valuation is nuts. P/E ratio is 161, compared to 7-9 for other carmakers. That assumes *massive* profit growth b/c:
🔹 For years, sales skyrocketed in Europe, USA, & China
🔹 Musk was seen as a magician conjuring amazing products out of thin air
Neither is true anymore.
Tesla’s market valuation is nuts. P/E ratio is 161, compared to 7-9 for other carmakers. That assumes *massive* profit growth b/c:
🔹 For years, sales skyrocketed in Europe, USA, & China
🔹 Musk was seen as a magician conjuring amazing products out of thin air
Neither is true anymore.