My nephew me told me this will be the next Apple. But apple sells stupid iphones for 500$, and the stock is trading at $500. A Tesla S costs $100,000, so shouldn't this stock be way higher? This is soooo cheap.
I bought more at 185 today. Too cheap!
My nephew's friend in high school told me about this stock. I'm a great investor and I agree with her that this is way too cheap.
You only hope that TSLA doesn't sell at the same p/e.
Perhaps it's the 330% debt, or the -83% profit margin, whereas AAPL has a 35.6% profit margin, zero debt and a gigantic wad of cash?
You're right. As soon as Tesla sells 9 million cars like Apple sold 9 million phones this weekend, then Tesla will be considered cheap at $180.
Apple sells more than 100 million phones a year and makes a few hundred dollars from each one whereas Tesla sells 20,000 cars a year, maybe 40,000 next year but is losing more per car sold.