[outlace]

Well one could make the argument that Musk is a short or medium term problem and that in 4 years when Trump is gone everyone will forget about hating on Tesla and it will be a great car company again. Musk is in his 50s and won’t be CEO forever. So if your investment horizon is 10+ years and you don’t predict total company collapse then it might be a bargain time to buy.

[danmaz74]

If you remove Musk, though, what is so special about Tesla to justify the super-high P/E ratio?

[arp242]

Tesla market cap is currently $959B, shipped 0.5M vehicles in 2024.

Toyota is second with $244B and shipped 11M vehicles.

Ford shipped 4.4M vehicles and has a market cap of $41B.

If I look at [1] then Tesla is worth more than the next 12 or so combined.

Nothing about this makes any sense. Maybe ten or fifteen years ago you could have made the argument based on future prospects, but that case is exceedingly hard to make today when there's tons more competition on the EV market.

[1]: https://companiesmarketcap.com/automakers/largest-automakers...

[tpm]

Great car companies have far lower P/E ratios than Tesla.

[edoceo]

By then Rivian will solidify it's position.