Tesla is the worst-performing stock in the S&P 500 this year
Worse than Etsy. Worse than Boeing. Simply the worst
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That probably means it's a good time to buy the stock tbh
Not really. It still has a price to book ratio of 9.10, which is still ridiculous for a car company.
For comparison:
Toyota is 1.21
Ford is 1.05
Honda is 0.66
VW is 0.38
Nissan is 0.36
The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market value to its book value (where book value is the value of all assets minus liabilities owned by a company).
I agree, but hype drives up tech stocks. I don't buy tech stocks at all because it's just random in this regard
Tesla makes more than just cars. It's not a fair comparison.
So do all the other companies. For example, Toyota makes robots.
Doe's the CEO of Toyota shitpost tho?
I shit post all the time and am not yet a CEO billionaire. You've been debunked.
I think it just means it's over valuation started to end coinciding with the calendar year
