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re: TSLA at $161, anybody biting?

Posted on 12/16/22 at 2:36 pm to
Posted by Texas Tea 123
Member since Sep 2017
218 posts
Posted on 12/16/22 at 2:36 pm to
TSLA is still more than 5x where it was before COVID. Did the company become 5x more valuable over the past few years?
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41369 posts
Posted on 12/16/22 at 2:44 pm to
Saw an analyst on CNBC this week with a price target of $80ish if I remember correctly.
Posted by molsusports
Member since Jul 2004
36181 posts
Posted on 12/16/22 at 2:54 pm to
quote:

TSLA is still more than 5x where it was before COVID. Did the company become 5x more valuable over the past few years?


Maybe. But it might have been dramatically over valued before the increase.

I am just not sophisticated (or naive?) enough to understand Elon's proposal that the FSD technology advantage dramatically increases the company value
Posted by Diseasefreeforall
Member since Oct 2012
5630 posts
Posted on 12/16/22 at 3:10 pm to
quote:

TSLA is still more than 5x where it was before COVID. Did the company become 5x more valuable over the past few years?


Net income has increased by more than 5x. Free cash flow per share has gone up and down.

I'm not invested in Tesla and have no plans to be but the EV market is in its infancy and has massive room to grow over the next 15 years, and Tesla looks like it will continue to be the biggest player even with all the competition.

The P/E ratio is still high at 46 so it's a question of the multiple vs the future market size and possible share price depreciation in the short term. As a tech company the P/S is reasonable at 6 but how long will they be seen as a tech company.
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