Tesla Is a Car Company. Its Stock Is a Meme.

04 Feb 2025 | Abstracted from Bloomberg

"In one sense - and not a good one - Tesla isn’t a car company...The problem is that auto stocks tend to trade on single-digit multiples rather than Tesla’s triple digits.

"Indefatigable optimism is endemic. A year ago, 37% of analysts tracked by Bloomberg rated Tesla, which trade at 57 times forward adjusted earnings, a 'buy'."

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