I’m with you, it blows my mind but maybe I don’t have a feel for TSLA. Not sure there are any fundamentals someone could look at to support their investment at these prices. EPS less than 2, PE over 800.
And it’s a business that’s dependent on consumers being able to afford luxury goods and really wanting a specific brand. In a down economy their revenues could fluctuate massively and their earnings would flip negative instantly.
Again I’m sure you’re coming at this from the same place. I think it’s possible we go out 10 years and TSLA can support this valuation. But it’s not worth it now and there’s going to be a lot of hard times between now and when it becomes worth that.
The buying assumes a certain future-state, and it also assumes that we’ll get to that future-state in a constant climb.