Reflections On Investing: Tesla’s Fountain Of Youth Revisited
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The P/E for automobile manufacturers is normally very low. Ford F, GM and Toyota TM currently trade at 7 times earnings. Tesla’s TSLA P/E of 114 is unique in the auto industry. Elon Musk’s promises of future growth from humanoid robots and robotaxis have sustained Tesla’s high price but investors should be cautious as stock prices built on future growth expectations can drop just as quickly as they rise.
Video Length: 00:08:19
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