Is TSLA overvalued? To be generous, let’s compare them to just NASDAQ stocks:
- AAPL - $209 - 0.48% annual dividend
- MSFT - $378 - 0.88%
- NVDA - $115 - 0.04% 🚩
- AMZN - $193 - 0.00% 🚩
- GOOG - $164 - 0.49%
- TSLA - $240 - 0.00% 🚩
- SpaceX - not traded
huquad@lemmy.ml 1 day ago
And it’s still way overvalued. Market cap greater than Toyota? Good one
jarfil@beehaw.org 1 day ago
realitista@lemm.ee 20 hours ago
Um, try with P/E. Stock price is meaningless.
jarfil@beehaw.org 20 hours ago
Meaningful part are the dividend ratios.
The problem with P/E is that, while it’s great to measure business health internally, a company that has great earnings and then decides to “invest in growth” instead of paying dividends, is just a Ponzi scheme as far as investors are concerned: no expectation of returns from the company, only from the hype among other investors.
realitista@lemm.ee 19 hours ago
Some companies give dividends, some don’t. It’s a difference in strategy, and I think more of a young company vs old company thing. I don’t find it particularly meaningful. If you are growing quickly, it makes more sense to use your financing to finance more growth. If you’re not, makes more sense to attract investors with a healthy dividend.
realitista@lemm.ee 20 hours ago
It can drop another 90% from here easily. Toyota’s in better shape as a company these days.