why is tesla stock so high reddit 2021

In 2020 when Teslas stock was reaching new high Musk told his millions of followers on Twitters that he believed the stock was too high. Im tempted to sell my Tesla stock but I dont really understand why its attracting such a high price at the moment.

At its current price of roughly 840 per share the stock trades at around 155x consensus 2021 earnings and about 165x 2021 revenues.

. Tesla is unlikely to repeat its 2020 stock performance. The company started off 2021 by reporting 499550 vehicle deliveries for 2020 just shy of its target of 500000. The stock rose as much as 67 putting the shares at all-time highs.

Since then the prices went up as you probably know. Teslas market cap is over 1 trillion. Lets look at the most common valuation.

Its all about the potential man. Tesla TSLA 035 was the darling stock of 2020. Tesla s TSLA -300 stock is up an incredible 695 in 2020 making it one of the most valuable companies in the world with a 630 billion valuation.

No profits because they invest everything they can. Tesla stocks rocket-fueled rise has stalled of lateat this writing its in the high 600 range far below the all-time. Teslas market cap also stands at.

The company is the clear leader in electric vehicles recently was added to the SP 500 and has tons of cash. Put simply the price of the stock is currently trading at 200 times. Tesla is the most valuable automaker by far.

TSLA is a very speculative stock with lots of optimism because of the nature of the business. So lets list some of the top reasons why the electric vehicle EV stock has a great year ahead. As of 1015 am.

Ive seen many youtube videos reddit posts articles on why this stock is overvalued at 18 price to sales ratio which implies at least 20-25. The first is Teslas forward looking price-earnings ratio which is now at 200 according to Morningstar. Not in he short term not in the long term.

At first It seemed as if the admiration would continue in 2021 as. Even when Tesla reported its first annual profit and a 28 revenue increase for the year 2020 -- its best-ever financial result -- investors saw no cause to celebrate. Shares of electric car maker Tesla TSLA -712 jumped on Monday.

Just after I stumbled across the news from the. Its a situation that. Smart or not I decided to get on the bandwagon and bought a stock earlier today.

Teslas stock is overvalued and worth only 150 according to Craig Irwin senior research analyst at Roth Capital who said the electric carmaker must do. If you just look at Teslas raw numbers its hard not to come to the conclusion that the company is way overvalued. In October Teslas TSLA -018 stock price rose above the 1000 mark and its market capitalization zoomed past 1 trillion.

That interview that Elon did where he smoked the joint finally making the. Yes it is. Tesla could probably not have survived another year maybe two without turning a profit.

Posted on EVANNEX on July 01 2021 by Charles Morris. And in the past 40 years when has an American car company successfully ramped up. If so the price can rise further.

Teslas High Valuations Will Be Justified. I am interested in hearing a bull case for doordash. It sent Teslas stock crashing but now it is.

Its market capitalization stock price times shares outstanding of 629 billion ranks it sixth among companies on the US. Tesla TSLA -018 has quite a bit for investors to be excited about. Shares in Elon Musks flagship automobile brand Tesla are trading toward the 1000 mark again this year after having fallen from their all-time high in the closing months of 2021.

You buy stocks for its potential and TSLA is not dividend stocks. Squawk Box Asia. Shares of Tesla continue to surge on Thursday closed 79 higher.