Tesla has the lowest percentage of institutional investors of any company in the S&P500; basically everyone knows its ridiculously overpriced but (like crypto) individual idiots keep buying it at 10-20x actual value.
I’m convinced that the stock is being artificially supported. Any other company with those sales figures and brand toxicity would have their stock falling like a rock.
Yes the p/e is 130 when its like 7 for all other car companies. 130/7= 18 times overvalued. The stock price should be 260/18=$14 and then we need to subtract the effect of Elon being a Nazi.....
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