Currently (at around $300/share) Tesla is trading with a PE ratio of around 150. Seems like that is likely a bubble held up by retail investors selling to other retail investors. For the price to be justified by future earnings growth, earnings would need to grow by something like a factor of 10x. Hard to see what prospects the company even has that could yield that level of of growth. Even if the self-driving cars play is successful, there are already strong competitors in that space. Optimus?

@MolbyDick Bring your analysis.

@jb456 mix of people who believe in self-driving, people who believe in robotics more generally, and people who just believe in Elon.

I think TSLA is under-priced because robotics will be big in the coming AGI age, but wouldn't hold it personally -- a lot of better things to hold!

@jim Just feel like robotics, etc are at best equal-sized businesses to the car business which still leaves TSLA 5x over-valued. Don't get me wrong, I think Tesla's a good, mature company that that makes great products. I think they're going to be around for a long time and will eventually start to return some money to investors. I just can't figure out how any of the growth stories could ever generate the kind of enormous cash flows that would be needed to make sense of its post-pandemic prices. To put it another way, has a reasonable consensus opinion of Tesla's prospects really improved 600% since 2020 when it was trading around $50/share? Or has the meme-stock era just made it too risky for short-sellers to try and pop the bubble?