Why? Their stock value is all about appearances --- not substance.
Revenue has stalled, earnings and sales are down all over the world, Cybertruck is a dud, Robotaxi is a joke and their humanoid robots aren't being sold yet so they remain just a question mark.
Does any of this really matter to their stock price? Nope. P/E is still at 180 --- and most "analysts" still rate it a "buy".
For comparison, the typical P/E ratio for an auto manufacturer is around 10. For the most popular ride hailing company Uber, it's 15.
Comments
It needs to focus on that instead of appearances.
Why? Their stock value is all about appearances --- not substance.
Revenue has stalled, earnings and sales are down all over the world, Cybertruck is a dud, Robotaxi is a joke and their humanoid robots aren't being sold yet so they remain just a question mark.
Does any of this really matter to their stock price? Nope. P/E is still at 180 --- and most "analysts" still rate it a "buy".
For comparison, the typical P/E ratio for an auto manufacturer is around 10. For the most popular ride hailing company Uber, it's 15.