Tesla Stock Analysis: A 327x Multiple, a 39% Crash and the $400 Billion Question
Tesla trades at about 327 times earnings, roughly ten times the average of every other profitable $1 trillion company, while its operating margin has fallen to 1.4%. The stock crashed 39% in seven months and has recovered a fifth of that on no new numbers. Here is what Tesla actually sells today, what it is spending $25 billion a year on, what Musk's own pay package says the strategy is, and why cars alone could never get there.