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.
Tesla stock was enormously overpriced anyway. The product is not that good or worth that much. In the very beginning there was a lot of disrupting the incumbents. For better or worse. Now it’s all worse.
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.
Tesla stock was enormously overpriced anyway. The product is not that good or worth that much. In the very beginning there was a lot of disrupting the incumbents. For better or worse. Now it’s all worse.
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…