The trouble is, that's long been the whole basis of Tesla's stock price. It may have halved in price in the last few months, but it still has a PE ratio of _over one hundred_. That would be a bit on the silly side for the hypiest of SaaS companies; meanwhile under 10 is more typical in the car industry.

Tesla's stock price has always been based largely on feels/memestock value, so if that goes, well, that's kind of all it has.

Not buying anything from Elon for obvious reasons

I don't know, might be in combination with the cars too. cybertruck isn't selling, and they keep putting everything on the touchscreen, like drive select.

If that's true, you should be able to show it with some math... Where is it?

Now is a terrible time to buy Tesla. Sentiment has completely shifted about this company. Sales are tanking. Why would now be a good time to buy Tesla? Do you think they deserve 2x Toyotas valuation?

As of this moment: 3X the valuation; 1/3rd the revenue; 7X the P/E ratio

A long way yet to fall

It is still overvalued.

I wonder if you shared that opinion when it was on the way up as well. Because the P/E ratio has been lopsided compared to other auto makers for years.

Or, are you perhaps skewed in your own opinion due to your near constant support of the american conservatives in your previous posts and comments.

I don’t know how much it is Elon, but just because he was there when the price went up doesn’t mean it can’t be about him when it went down too…

If you gifted me a Tesla, I would burn it