RE: Tesla2 Apr 2025 17:53
Blue,
Tesla is a meme stock; its fundamentals do not justify the p/e ratio it trades at. BYD is deflating the Tesla bubble... Their autonomous driving system, God's Eye, demonstrates significant advancements in accessibility and capability compared to Tesla's Full Self-Driving (FSD). And Waymo have beaten Tesla to the autonomous taxi industry and racking up over 25 million fully autonomous miles so far.
What has Tesla got to offer other than a new model; growth has cratered / reversed, Tesla's Full Self-Driving has been beaten by BYD and the taxi hype has been extinguished by Waymo. The p/e ratio [currently over 100 from memory] should probably be in the teens. And if the price dropped to reflect the new reality, Musk would face margin calls on his borrowing secured by his stock. Having Musk as a forced seller would crater the share price...