I guess historically, lots of companies have operated by selling dreams.
Among it's peers, Tesla has no equal in the "dream" category.
Tesla is one of the "Magnificent 7" technology stocks. Leaving Tesla aside, the average P/E of this group over the last 2 years is around 30. Tesla is currently around 170.
But even this doesn't really capture the full extent of the Tesla "dream". Tesla is the only one of these stocks with an earnings decline over the past 2 years.
The highest valuation combined with the poorest results --- that's a lot of dreaming.
Among it's peers, Tesla has no equal in the "dream" category.
Tesla is one of the "Magnificent 7" technology stocks. Leaving Tesla aside, the average P/E of this group over the last 2 years is around 30. Tesla is currently around 170.
But even this doesn't really capture the full extent of the Tesla "dream". Tesla is the only one of these stocks with an earnings decline over the past 2 years.
The highest valuation combined with the poorest results --- that's a lot of dreaming.