On May 1st 2020, when Tesla's market cap was $133 billion Elon Musk posted on Twitter "Tesla stock price is too high imo"
Today, market cap is $820 billion, more than 6 times higher, making him the richest person in the world, just on the paper of course. What does he think now?
PE ratio is 1700. Since fundamentals no longer apply, why is PE ratio not 3400? Market cap is 40 times revenue. Where is this leading to? Just when I thought I saw it all, this happens. Tesla is the largest asset bubble we have ever witnessed.
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