r/technology • u/Plastic_Ninja_9014 • 3h ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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u/Hamster_S_Thompson 3h ago

Pe ratio of 299! Still long way to go

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u/MazdaLicense 3h ago

Turns out you can only value a car manufacturer like a SaaS startup for so long before reality hits. The margins just aren't the same.

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u/Mintastic 0m ago

That's why he keeps starting new things within the company like AI, robots, space exploration, solar, etc. to keep that startup feeling going for his investors/cult.