More interesting info on YCharts here: https://ycharts.com/companies/TSLA
Tesla shares down 50% YTD
11–20 of 23 posts
Re: Tesla shares down 50% YTD
#12It's approaching a reasonable p/e. If it hits 40 I am in.
I think forward P/E is already in that ballpark.
Re: Tesla shares down 50% YTD
#13It's approaching a reasonable p/e. If it hits 40 I am in.
How are you in it’s a private company?
Re: Tesla shares down 50% YTD
#14Re: Tesla shares down 50% YTD
#15I mean what exactly about the pandemic made it jump from 15 to 400?
Fed pumped 5 trillion dollars into stock market.
Re: Tesla shares down 50% YTD
#16Is that worse compared to other companies? I thought it was basically a blood bath for all tech/growth stocks.
TSLA is a car company does that count as a "tech" company? the only growth in the car market is from canabilizing other companies market share, which of course happens, but all electric cars are essentially the same like cell phones, and the differences are marketing differnces. TSLA may or may not expect "growth" multiples fighting for low double digit market share in a shrinking market.
Re: Tesla shares down 50% YTD
#17Tech companies:
APPL:-23% META:-71% MSFT: 31% NFLX:-56%
Car companies:
F: -37% TM: -26% GM: -35%
What surprises me about this, given the sell pressure of the self-inflicted pain from Musk, is that Tesla is down sure, but not by that much. I guess the issue is it's behaving like a tech stock, but it's not. It's a car company that used to employ a guy who said he could deliver self-driving.
Re: Tesla shares down 50% YTD
#18Tech companies: APPL:-23% META:-71% MSFT: 31% NFLX:-56% Car companies: F: -37% TM: -26% GM: -35% What surprises me about this, given the sell pressure of the self-inflicted pain from Musk, is that Tesla is down sure, but not by that much. I guess the issue is it's behaving like a tech stock, but it's not. It's a car company that used to employ a guy who said he could deliver self-driving.
I'd argue the "it's a tech stock" vs "It's a car stock" is more an investor sentiment thing, with no hard rules for Tesla.
I also think aggregate investor sentiment has treated TSLA as more of a tech company in the past.
Where TSLA sits on the Car/Tech spectrum seems to me to be changing as a result of a few things:
1. Failures of self driving.
2. More traditional car companies going electric.
3. EV no longer seems like such a disruptive technology.
It's an interesting change because investor expectations of the stock are going to change as well.
My gut feeling is that those changing expectations will hurt TSLA stock even more because comparing TSLA to other car companies on traditional metrics for car company success(Volume, defects per vehicle, etc) is going to be bad for TSLA.
Re: Tesla shares down 50% YTD
#19Tech companies: APPL:-23% META:-71% MSFT: 31% NFLX:-56% Car companies: F: -37% TM: -26% GM: -35% What surprises me about this, given the sell pressure of the self-inflicted pain from Musk, is that Tesla is down sure, but not by that much. I guess the issue is it's behaving like a tech stock, but it's not. It's a car company that used to employ a guy who said he could deliver self-driving.
I'd argue the "it's a tech stock" vs "It's a car stock" is more an investor sentiment thing, with no hard rules for Tesla. I also think aggregate investor sentiment has treated TSLA as more of a tech company in the past. Where TSLA sits on the Car/Tech spectrum seems to me to be changing as a result of a few things: 1. Failures of self driving. 2. More traditional car companies going electric. 3. EV no longer seems l…
I agree with your gut feeling, mainly because even after a 50% drop it is still worth way more than the next few car companies combined while there's a fraction of the sales. Until recently there's been a strong belief that Tesla is permanently only supply constrained and as they get more factories online they will always be able to sell everything they make at huge margins.
I think the recent selloff is a result of people questioning that as Musk alienates future customers and other car companies embrace BEVs. There's still a very long way to go for Tesla to be priced like it's competitors, but I that will happen eventually.
Re: Tesla shares down 50% YTD
#20I have a few shares, yes its performance has been garbage but the stock market is about the long game and the 5 year return has been pretty decent