There's a disruption going on right now in financial markets, which is why all the indexes are down and even companies like $Microsoft(MSFT)$ $Apple(AAPL)$ are down from a year ago. Higher interest rates cause PE ratios to contract, so the fact that TSLA is down is not necessarily completely due to business results. As a business becomes profitable, the PE comes more into alignment with the actual results, instead of just what everyone imagines the results might one day be. In the case of Tesla, if you had actually watched and paid attention on "investor day" you would have seen what I saw and you would be buying as many shares as you can get. No other company can compete with them, especially not after they build out their Mexico factory. They have completely redesigned the way cars will be made and it will take at least five years for legacy manufacturers to catch up.
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