They still have a P/E ratio of 24 at the moment. Sure their annual profits could be much higher without the meta verse but even with those losses it more than justifies their price.
Currently working at TikTok in San Jose, CA on the TikTok Shop recruiting team. We’re hiring 700+ people this year alone (numbers for Jan-June) for the e-commerce team, and we just opened 3 fulfillment centers.
We’ll likely we’re bought out by Microsoft, Tesla or Apple at the start of 2025, but there’s no way it’s going to be fully banned. It’s a goldmine for any company.
Sarcasm aside - You might actually be right, aside from meeting regulation requirements, TSLA seems to be getting away with small changes and even reducing equipment on vehicles. a refresh is usually every 4 or 5 years, sometimes at 3. If TSLA does not do a refresh, it would save money. and so far the changes and refreshes have been very simple things on the model 3, like black rather than chrome trim. This saves design costs and minimizes changes to the manufacturing process. I still think this is a 25-35 x P/E. where ever that lands. roughly like MSFT, GOOG, AAPL