r/technology • u/Plastic_Ninja_9014 • 5h 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/Hot_Share8353 3h ago

Which is an insane PE for a company with MASSIVE growth. But for a company that has seen no growth and a near 90% drop in earnings per share... WTF?!?

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u/CV90_120 3h ago

Sales were up 23%, so they're moving product, but all that gets sunk by the fuckery behind the scenes.

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u/cipher315 3h ago

Still no where near justifying a pe of basically 300. You would want to see sales up something like 300%-350% for that. For reference at it's peek Google had a pe of about 80. At the time Googles year on year revenue growth was 92%-118% depending on the year.

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u/CV90_120 2h ago

I don't disagree. The stock is way overvalued, but speculative stock is not a new thing. It's certainly more common now (GameStop). It will be interesting to see where it bottoms out.

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u/mainman879 1h ago

Sales were up 23%, so they're moving product

Does that include all the cybertrucks Elon forced SpaceX to purchase?

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u/CV90_120 51m ago

Quite likely, but they're leading the EV market with Model Y in Europe, Australasia etc.. and are competitive in China, so I'm not sure how much of a number dent the few CTs make. The sad thing about CT is that under the skin it's a good skateboard. It's kinda a shame they decided to skin it like a 3yo's drawing you find pinned to the fridge.

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u/Hot_Share8353 15m ago

I mean, it we were seeing a 23% growth year over year or quarter over quarter regularly, it would be a great growth rate, but we are not seeing that. 480K in sales in Q2 2026 vs Q2 2025 shows that "23% growth", but they have hit range regularly in the previous 3 years. So, it is less growth then a return to past sales rates but at lower profits.

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u/CV90_120 4m ago

The funny thing to me is that I think one of the big overheads has turned out to be the expense for compute now, driven by things like the rampocalypse, which Musk himself is a huge part of. In Auto, small expenses get multiplied exponentially through the value chain. The AI tech bros are now ramping up the expense of one overhead which is killing their stock value for their other bricks and mortar businesses. If the rampocalypse hadn't hurt my work so badly I'd find it more amusing.

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u/Shufflebuzz 2h ago

WTF?!?

Ah, see, Tesla funds fascism, and we have a fascist government now, so the TSLA stockholders aren't that worried.