The Twitter deal was the pin that popped this bubble? Musk is no doubt a brilliant man, but this is just one more thing that divides his attention. In my opinion, the psychological support level is 420 (50% lower). The yearly performance is still up 30%, I expect more profit taking ahead. There is also significantly more competition in the EV space.
.. with Twitter E.Musk can eventually govern the world ! ? 🌎🛰️🚀🚘♾️
TTECH
⋅
@GloryGate regulators will try their best to limit his reach, but the man is just unstoppable. I hate to post such a bearish thought haha.
Tanner
⋅
Not a slow one.
truthfulPaella4657
⋅
Current share price 839. Market Cap 864B, forward P/E ratio is 67. Your forecast share price of 400, market cap of 412, forward P/E ratio of 32... Seems pretty low to me given Tesla's growth forecast and lack of debt, even given the current macro environment, and Musk's little adventure to refind his mothers' twits... (I am trusting that if it goes as badly as I expect with twitter, he will refocus on what he's good at...)
@truthfulPaella4657, according to Robinhood, Tesla's P/E ratio is 120, and was up in the 200's when the price was over $1,000. It's due for a major correction.
truthfulPaella4657
⋅
@kwood0319, Woaahhh... How did it go from 200 when the price was over 1000 to 120 now? and what would it be if you used last quarter's earnings as a projection for the whole year?
The_Bitcoin_Boy
⋅
@truthfulPaella4657, bc the stock price has fallen and earnings have increased. So higher denominator and smaller numerator. And if you used 1 data point for a projection, then it wouldn't change.