Tesla can't find buyers for the current backlog of nearly 2,400, or $200 million worth of Cybertrucks, despite claiming over a million orders were received.
Yeah, if you compare their P/E ratio to any other car company…it was and is just nuts. They are in the triple digits last I checked, while many car companies are in the single digits/low double digits.
It’s gotten a tad bit closer to reality, but still needs adjustment, IMHO. I think the price of the stock should be at about 1/10th of what it is at now…I think a lot of it has to do with people buying into Musk’s bullshit and whole lotta stans in the day trader manosphere.
Yeah, if you compare their P/E ratio to any other car company…it was and is just nuts. They are in the triple digits last I checked, while many car companies are in the single digits/low double digits.
It’s gotten a tad bit closer to reality, but still needs adjustment, IMHO. I think the price of the stock should be at about 1/10th of what it is at now…I think a lot of it has to do with people buying into Musk’s bullshit and whole lotta stans in the day trader manosphere.
But it has a real Gamestop vibe to me…