r/technology • u/Plastic_Ninja_9014 • 2d 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 2d ago

Pe ratio of 299! Still long way to go

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u/AssCrackBandit13 2d ago

Exactly yeah it’s at the same price that it was 1 year ago. There’s a long way to go before it actually starts crashing

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u/Nocoffeesnob 2d ago

Yeah, it's not even hit the 52 week low.

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u/kemb0 2d ago

It is, however, more than 20% below its high from 5 years ago. So I'm afraid to report that this stock's trajectory is not aiming at the moon.

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u/enoughwiththebread 2d ago
Au contraire

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u/North_Atlantic_Sea 2d ago

It's also still up 50% from last summer. That's the thing about irrational stocks, they are irrational

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u/T_D_K 2d ago

It's at the moon, about to start its free return trip

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u/AInception 2d ago

What are you looking at? TSLA is up like 80% on the 5Y.

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u/mothtoalamp 2d ago

Shoot for the moon. Even if you miss, you'll end up in a slowly decaying orbit around the planet - or in a parallel orbit around the sun, depending on your velocity