It's funny to keep seeing people post this exact same comment regarding Tesla's valuation, on every single earnings report since 2012.
I mean, it's obviously going to come true at some point following a stock price growth to S&P500-dominating levels. It's always been richly valued and that is as true today as ever. The laws of physics prevent this from continuing forever, and the likelihood is great that there will be a correction downwards at some point, perhaps dramatic.
But it's a bit farcical to read this almost word-for-word identical opinion again and again and again and again, starting from a point in time where the stock price was 0.5% of what it is today.
Having followed Tesla since almost the beginning and being in and out of TSLA for the last 5 years I can say that the current stock price is a tad high for me. I can't speak for others. Tesla has been targeted by many people for almost its entire existence claiming they're frauds, their tech doesn't work, they won't be able to scale. They've proven most of those people wrong and continue to be an awesome success. But again I think the current stock price is absurd and very hard to justify.
I mean, it's obviously going to come true at some point following a stock price growth to S&P500-dominating levels. It's always been richly valued and that is as true today as ever. The laws of physics prevent this from continuing forever, and the likelihood is great that there will be a correction downwards at some point, perhaps dramatic.
But it's a bit farcical to read this almost word-for-word identical opinion again and again and again and again, starting from a point in time where the stock price was 0.5% of what it is today.