Remotecam
2022-06-04

In a market that has turned against high valuation, Tesla's 125 PE is it's biggest headwind.

Only hot money is keeping this stock floating.  Hopefully this continues as the possibility of a 30% drop like $NVIDIA Corp(NVDA)$and $Amazon.com(AMZN)$is very possible.

Elon's cut job posting is very smart.  Hopefully he encourage others to cut workforce. Cooling the US employment rate and therefore reduce the Fed's hawkishness and promote a market rebound. 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • MortimerDodd
    2022-06-06
    MortimerDodd
    Maybe a p/E of 100+ is acceptable given Tesla's growth,
  • NewbieLeo
    2022-06-04
    NewbieLeo
    too many bulls out there with unrealistic ideals. PE is out of whack
  • ElvisMarner
    2022-06-06
    ElvisMarner
    I can only say Musk is so smart.
  • PandoraHaggai
    2022-06-06
    PandoraHaggai
    I'm sure his actions won't affect the Fed.
  • BurnellStella
    2022-06-06
    BurnellStella
    Tesla's p/E is too high.
  • BellaFaraday
    2022-06-06
    BellaFaraday
    Turns out Elon had this idea.
Leave a comment