- 1/3 subsidies
- 1/3 mark to market BTC earnings(I shut you not, I thought mark to market was illegal since Enron)
- 1/3 "real" cars/etc
The subsidies are going away as soon as Elon leaves Trump orbit, and the euros start going after Tesla.
BTC is obviously a one time hit.
So really that is a p/e of 450 or so IMO
But wait! The "real revenue" was already flat and pre salutes, Doge, AfD dogwhietliy, where euro sales collapsed 50%, China sales collapsed. So earnings may drop by half in "real" revenue.
So the p/e is arguably 800-1000????
Toyotas pe is SEVEN.
The only way you justify a PE like that was is with fundamentally Superior technology with large moats and at least 3 to 5 years of lead.
The text that Tesla built its hype up with in full speed driving and probably even more fraudulently in the Optimus robots are arguably behind demonstrated capabilities of his competitors.
The stock is literally insane. I posted this opinion in several places, and what strikes me is that nobody replies to it or rebuts it.
In my opinion it is a pump and dump currently where Elon will do whatever is necessary to keep it alive until is 56 billion gets out of the Delaware courts and he can cash out.
Even their grid storage products in my opinion have very poor prospects in the long run because sodium ion and other grid specific chemistries will win. Tesla repackaging its car batteries simply won't be competitive, especially since battery manufacturer is dominated by the Chinese.