Tesla is a bubble stock — all hype with nothing but hot air underneath.
The current p/e ratio is 175.88.. Anything over 24 is nuts.
Toyota — a REAL car maker — has a p/e ration of 7.44
The Tesla S and X were novelty electric cars — 5 years ago.
No new models is a rusting business model.
Self-driving cars have been a thing in San Francisco for 5 years — Tesla has been promising a self-driving car for at *least* that long, and it *still* can’t deliver.
Musk is a “vapor ware” guy with a bad drug habitat, a Nazi fetish, profound bigotry, and absolutely no technical skills or ability other than a nose for investing early in tech which was made easy with apartheid blood dollars.
Amazingly, Musk has made Tesla, X and his space company toxic brands.
Once you know a turd floated in a punch bowl, you never want to drink from the punch bowl again. Musk is the turd.
Musk’s fortune is tripple-tied to Tesla. He has borrowed heavily on the supposed value of his Tesla stock, which has lost a quarter of its value in the last two months. More decline is ahead as the Tesla trucks fly apart, the Europeans boycott, and both Tesla and Starlink face competition.
At some point, his creditors will call in the notes, and then it’s over.
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