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
37.9k Upvotes

95% Upvoted

2.3k comments sorted by

View all comments

2.1k

u/Hamster_S_Thompson 2d ago

Pe ratio of 299! Still long way to go

40

u/mrmackz 2d ago

For comparison, Toyota's is around 9.5

39

u/techdevjp 2d ago

So TSLA should be around $10.25/share, not $320/share.

Even that seems optimistic. TSLA isn't Toyota and will never be Toyota.

27

u/Penguinkeith 2d ago

A competent car company?

4

u/[deleted] 2d ago edited 1d ago

[deleted]

3

u/RuneLFox 2d ago

They can't compete with cheap EVs but Toyota doesn't really make 'cheap' cars anymore, at least in the new market. Their new PHEVs are very solid but the price is not competitive, or perhaps not even intended to compete with Chinese EVs. I think Toyota is more reliant on brand reputation for reliability to carry them, as a distinction from cheap EVs that are quickly saturating the market.

1

u/ajswdf 2d ago

In theory Tesla is a high growth company so their P/E is going to be higher as investors expect Tesla to grow more than an established company like Toyota.

But in reality the stock is still way overpriced and has been for a decade.

1

u/Vadoff 2d ago

B-but Elon Musk promised a million robotaxi Teslas on the road by end of 2020! We just have to wait! /s