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by Animats
493 days ago
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News update: Musk's attempt to buy OpenAI is referred to by an analyst firm as a "distraction" from Tesla's poor performance.[1] "Even with TSLA meeting its June 2025 timeline for driverless covers in (Texas), we still see TSLA as one of several autonomous technology providers, suggesting competition on price and performance." Tesla's P/E ratio is currently 328. Ford is around 9. GM is around 8. Evaluated as a mature car company, TSLA is maybe 20x - 30x overpriced compared to the rest of the industry. A hype injection is needed to keep the price up. Optimus and fake self driving isn't enough. [1] https://www.investors.com/news/tesla-stock-distraction-elon-... |
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