Tesla Q2 2021 financial results
Tesla crushed it. I plan to hold Tesla til at least 2030 so I don't pay much attention to quarter over quarter stuff other than to see if Tesla is executing towards their master plan. But it's always good to see Tesla doing well.
But I want to point something out about Tesla P/E since people like
@ultimatebob was making bid deal about Tesla P/E ratio like 8 months ago.
Amazon has a P/E ratio of 94 right now. Tesla has a P/E ratio of: 1,326.
But, hey... at least it's profitable. It could be worse, some of the stocks that are running up fast like Snowflake aren't even profitable yet.
I told ultimatebob that P/E ratio was the wrong metric to look at when evaluating growth stocks. I said Tesla P/E would come down in the future and that Amazon had even crazier P/E than Tesla at similar time/stage in its growth cycle. Well in span of 8 months, Tesla P/E has gone from 1,326 to now under 350. And P/E will continue to fall rapidly as Tesla keeps growing like crazy and as their growing operating leverage from rapidly increasing sales come into play.
I see the future as clear as day, and Tesla is being a juggernaut. They won't and can't be stopped, and Tesla will become the world's most valuable company. If not, they will be pretty damn close. I don't have a clue what Tesla stock will do short term but I know by 2030, Tesla stock will be much higher. Much Higher.