Tesla's Price/Earnings (P/E) ratio is currently around 235. Industry average P/E ratio for US domestic automotive companies is 15.8. Toyota's P/E ratio is 8.2. BYD, the Chinese electric car juggernaut has a P/E ratio around 22. Tesla's is 10 to 15 times higher. The price of its stock relative to the company earnings is insane against comparables. This is insupportable and non sustainable. Tesla stock is far out of balance. People will say it's a tech company, not an auto company, but, as an ex-supplier to them before I retired, I can tell you their cars are their principle source of revenue.

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Bruh if this thing really hits $30 I’m selling my car for calls

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In case you hadn’t noticed: TESLA IS A PONZI SCHEME. Let’s look at the numbers. Tesla currently has a market cap more than every other American car company *combined*. This for a cobalt-lithium EV manufacturer. There is only enough cobalt in the earth’s crust to make about 350m electric vehicles total, enough for essentially every American to have one, and nobody else. Now consider that EVs are a big thing in China and Europe. There is NO justifying its valuation aside from Elon’s personality cult pumping money into it, and him personally making massive buyups like these to inflate the price.

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Why would he? That purchase for him was like the median US household spending, $381. For him, that purchase was like a single car payment to the average household.

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That's the plan. The stock market doesn't trade based on fundamentals, it trades based on hype. Shorting makes no sense at any valuation. Just look at Tesla at over 200x earnings despite losing connections with white house, declining car sales, losing EV subsidies, and an overpaid CEO that is too distracted with other companies and social media. I think Google faces a long term decline, which shorting/puts cannot benefit from. It took 6 years after Netflix implemented on demand streaming for cable TV revenues to fall. Google doesn't just disappear overnight, it's a slow process for consumers to switch habits.

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when you told him, did he tell you to get out....while car still moving?

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Tesla's own earning calls must be lying then... The EU's official car registry must be also lying... You guys are a joke...

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I bought exactly $10,000 when TSLA was $200 before any splits when I used to be deep in the auto industry world and knew EVs were the inevitable future as much as I don't like it as a V8 car guy. Was about the same time as you. Would be worth $313,000 today. But I don't complain, got mine when I did and cashed out. No way I would have held as long as you, wish I could have. Congrats my dude/dudette.

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Imagine telling a bank you need 10K cash on top of 50K car loan and how they would respond. Now why do they allow rolling of negative equity?

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You have a car?

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