300 pe multiple is not a good thing

JeromeErnest
2021-10-28

$Tesla Motors(TSLA)$ is trading at a 300 PE multiple. Just take a moment to absorb that. Not a bad stock, not a bad company but 100k rental cars doesn't reinvent the business model or change fundamentals. It appears Musk agrees. My suggestion is to get out when you can. Congrats to the bulls for the huge run up in the face of a) increasing competition from mainstream EV providers and b) reality of Q4 earnings which disappointed last year. Good luck to the bears.

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