Wow. TSLA has already recovered from 20%+ sell off after their last ER just a month ago. Up 6% just today. Up this week when general market has been negative.
340x PE today. The thing is - that PE number may in fact be quite understated as TSLA included paper gains in their SpaceX stock holdings as part of their earnings number. And several hundred Millions in their revenue - were derived from sales to SpaceX...
With this company posting low single digit margins, inflated earnings (spaceX), inflated revenues (spaceX), I am surprised that this stock keeps defying gravity and almost always recovers from any sell offs going on for 7-8+ years now.
What logic are bulls using to keep buying this stock? As of today, TSLA market cap is only 15-20% lower than Meta's market cap. Which I find to be rather remarkable.