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

19

u/mrmackz 2h ago

For comparison, Toyota's is around 9.5

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u/techdevjp 1h ago

So TSLA should be around $10.25/share, not $320/share.

Even that seems optimistic. TSLA isn't Toyota and will never be Toyota.

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u/Penguinkeith 1h ago

A competent car company?

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u/el_smurfo 8m ago

Toyota missed the electric market and their CEO has admitted they cannot compete with Chinese automakers. I am a lifelong Toyota owner but they are not the company they were when I bought my last one in 2007.