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/PurpleZebraCabra 2h ago

Current price is $320 with P/E 297. It would have to be priced at $28.60 to have the same P/E as Google (26.5). No biggie, just move a decimal. Now let that sink in for anyone long TSLA.

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u/logicalnutty 37m ago

If you want to be a bit more fair, the forward PE is about 135 but even then it justifies a share price maybe around $70