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by ModernMech
282 days ago
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> Problem for Tesla is that Musk is the reason it has a 200 P/E ratio (and increasing at that). The reason for the ratio is because he overpromises and lies all the time. The valuation is now hinging on Tesla being a leader in robotics when Musk doesn't even understand what sensor fusion is. But Tesla's astronomical valuation is a liability for them because it's the result of Musk defrauding both Tesla's customers and investors. The big number looks great but it's based on a fantasy. |
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