• dragontamer@lemmy.world
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      8 months ago

      TSLA has a PE Ratio of 42. Toyota has a PE Ratio of 11.

      If Tesla becomes a “normal car company”, we’re looking at 75% declines in the stock price. The only reason why its being propped up at all is because of Elon Musk’s cult of personality.

      Yeah, Elon Musk has successfully tied himself to the company like a suicide pact. The Board is also largely under Elon Musk’s control.

    • Ydna@lemmy.world
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      8 months ago

      He gets paid proportionally to the stock value, so it’s completely and totally about perception to him. Actual reality… who cares!