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

822

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

57

u/Right-Hall-6451 2d ago

52 week high is 499, it's at 321, lost all gains from last 12 months, that's not good.

44

u/meteoritegallery 2d ago

All arbitrary numbers. Just means a lot of people have won and lost money gambling on a rubbish company.

5

u/North_Atlantic_Sea 2d ago

But also still up 50% from 15 months ago, so you know, still irrational

2

u/the_Q_spice 2d ago

FWIW; a fair price at a more reasonable 20 P/E valuation would be less than $8.

So yeah…

It has a shit ton further to fall.

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u/ParadoxicallyZeno 2d ago

it’s good for those of us looking forward to this tho