The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.
Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.
Another way of saying it is that shares had already gone down because this was expected. When it wasn’t quite as bad as expected, they got a little bump back.
P/E ratio is still 280 for Tesla, while it’s like 7 for Toyota. Tesla was valued at like $250 in April and after this report it was almost $450 and not far from all time high. It clearly had not gone down enough.
Another way of saying it is that shares had already gone down because this was expected. When it wasn’t quite as bad as expected, they got a little bump back.
P/E ratio is still 280 for Tesla, while it’s like 7 for Toyota. Tesla was valued at like $250 in April and after this report it was almost $450 and not far from all time high. It clearly had not gone down enough.