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Maybe Tesla is a car company after all
Posted on 10/18/23 at 7:08 pm
Posted on 10/18/23 at 7:08 pm
Production and deliveries dropped but not as much as operating margin and EPS is down 44% yoy. Operating margin is now inline with other car companies.
As an investment, the valuations seem way too high with a forward p/e of over 100 if EPS doesn't rebound even with the afterhours price drop and a p/s of more than 8 when industry standard is below 1.
TSLA is always going to demand some multiple premium based on its tech potential but a multiple contraction should be inevitable from here, although I'm not brave enough to buy puts on the company.
Plus BYD is coming for world domination.
As an investment, the valuations seem way too high with a forward p/e of over 100 if EPS doesn't rebound even with the afterhours price drop and a p/s of more than 8 when industry standard is below 1.
TSLA is always going to demand some multiple premium based on its tech potential but a multiple contraction should be inevitable from here, although I'm not brave enough to buy puts on the company.
Plus BYD is coming for world domination.
2
Posted on 10/18/23 at 7:52 pm to Diseasefreeforall
I've said all along it's just a car company. Meanwhile you have some "analysts", aka stock pimps, calling it a tech company and just a couple weeks ago pushing this Dojo computer crap. Which people took to heart and bid the price up 10%.
Laughable.
I listened to the earnings call and everything he talked about is something the rest of the auto makers have dealt with for over 100 years. Meanwhile it seems all the guys asking questions have never sat through an earnings call from a "legacy" automaker.
"We dug our own grave with Cybertruck."-Musk during call.
Mexico plant is on hold due to high interest rates and poor economic outlook. I don't recall them saying the EV market will not support another factory at this time, but that is the truth.
I bought a chunk of TSLQ today and my only regret is I didn't buy more. Also have puts but unfortunately I bought a couple months ago and they expire Friday so it will take a really big move for them to profit. (Should have sold last month)
Laughable.
I listened to the earnings call and everything he talked about is something the rest of the auto makers have dealt with for over 100 years. Meanwhile it seems all the guys asking questions have never sat through an earnings call from a "legacy" automaker.
"We dug our own grave with Cybertruck."-Musk during call.
Mexico plant is on hold due to high interest rates and poor economic outlook. I don't recall them saying the EV market will not support another factory at this time, but that is the truth.
I bought a chunk of TSLQ today and my only regret is I didn't buy more. Also have puts but unfortunately I bought a couple months ago and they expire Friday so it will take a really big move for them to profit. (Should have sold last month)
Posted on 10/18/23 at 10:17 pm to Diseasefreeforall
At this point, the yuppies are bought in and everyone else is waiting to be offered an EV that makes their life easier or cheaper. In some ways it feels like we’re further away from widespread EV adoption than we were 5 years ago.
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