The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.
The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.
TSLA share prices never had a real correlation to their EV sales. Tesla sells promises, EV cars are a byproduct.
There was actually a super brief window that it did. When they started successfully making the model3/y and everything was growing and profits were high, they actually caught up to their insane PE ratio to a reasonable tech multiple.
It was a very small window though, like 1 or 2 quarters and then it became evident the growth was not going to continue and profits started coming down.