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re: Maybe Tesla is a car company after all
Posted on 10/18/23 at 10:13 pm to BuckyCheese
Posted on 10/18/23 at 10:13 pm to BuckyCheese
A p/e in the mid 40's would put the price around $150 and 10 months ago the p/e got as low as 34.
Plus if margins continue at these levels a 45 p/e could eventually cut the current share price by more than half from here and I wouldn't be shocked if in the not too distant future it threatened the $101.52 week low.
I wouldn't be surprised if it didn't come close to that though because Tesla is Tesla but the fundamentals have significantly eroded.
I missed the comment about the hole the company dug itself with Cybertruck. That's an absolutely brutal statement to make on a call.
Plus if margins continue at these levels a 45 p/e could eventually cut the current share price by more than half from here and I wouldn't be shocked if in the not too distant future it threatened the $101.52 week low.
I wouldn't be surprised if it didn't come close to that though because Tesla is Tesla but the fundamentals have significantly eroded.
I missed the comment about the hole the company dug itself with Cybertruck. That's an absolutely brutal statement to make on a call.
2
Posted on 10/18/23 at 10:27 pm to Diseasefreeforall
quote:
I missed the comment about the hole the company dug itself with Cybertruck. That's an absolutely brutal statement to make on a call.
I watched the AH price immediately drop a couple bucks.
Saying that, Musk is refreshingly candid even if it isn't great for the stock price.
I don't wish him to fail, but just understand the realities of the business Tesla is in. Right now he's chasing market share which is never good for margins. However, he has factories to keep busy.
At least he doesn't have to deal with the UAW.
btw-Going from memory, but that 7.9% margin is no better than the Big 3 typically do.
This post was edited on 10/18/23 at 10:36 pm
Posted on 10/19/23 at 7:39 am to Diseasefreeforall
quote:
Plus if margins continue at these levels a 45 p/e could eventually cut the current share price by more than half from here and I wouldn't be shocked if in the not too distant future it threatened the $101.52 week low.
I called TSLA's runup this year a dead cat bounce. I fully expect TSLA to be under $100 in 2025.
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