I know some will say correction, but this feels like an aggressive sell off. Avg volume is 86M, today’s 185M.
We can do better. Let’s tank the Nazi car company even more.
The only good Nazi car company is a bankrupt Natzi car company.
Yeah, it’s a good start. He’s destroying our country, firing Veterans, and causing chaos. Oh, and he did the Nazi salute during Trump’s inauguration. Twice!
Still not understanding why this didn’t happen right after the nazi salute.
Tesla has been falling since inauguration day to be fair. It was trading around ~$425 per share on Jan 20th. It started today around ~$253 and it’s now at ~$215 in after hours trading.
Because selfish people know that being in charge of a country is free license to affect legislation in your favor.
Everyone assumed Tesla would come out ahead with Musk in charge. Turns out that his butchery (along with Trump’s, of course) is causing the rest of the world to lose confidence in all American goods, with Tesla at the forefront.
P/E ratio above 100? It still needs to lose 80% just to be at a fair value.
80%? Try more than 95%.
A very good P/E ratio for a well run car company is 7.
- Toyota: 7.4
- Honda: 6.6
- Ford: 6.8
- Mercedes-Benz: 5.84
- Tata Motors: 7.5
Tesla’s still over 100. For them to be valued equivalently to a well run car company, they’d have to drop another 94%, down to a price of $14 per share. But, really, with such a toxic guy as CEO, their P/E ratio should probably be even lower than that.
A fair value without a Nazi CEO dragging their brand down. The fair value with Elon is damn near 0.
Except he’s a MAGAt.
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