why is tesla stock so high quora

Tesla stock has had a stellar run this year rising by about 38 to 1000 taking the companys market cap past. The searing rally has been driven by production.

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Currently Tesla is expected to report earnings of 56 per share this year and 737 per share in the next year so the stock is trading at 121 forward PE.

. People expect Teslas book value to. Tesla experienced a price drop of nearly 50 since its all-time high nearly a year ago. Teslas stock has surged more than 20000 since it went public in 2010.

It is up 26. Teslas share price doesnt matter so much when you put the above in perspective. Amazon is down 503 from its high and has lost 9408 billion.

So tesla is four times the size of toyota but only makes a fifth of Toyota. The stock price is just way too high too justify the most bullish assumptions. Teslas stock price is set to drop at the opening bell Thursday but not because of anything Elon Musk tweeted about demand for electric.

In just the last month the. Tesla right now at this moment is the only well funded vehicle manufacturer that is actively growing expanding and investing in both future technologies and new. Teslas ability to drive environment consciousness by lowering CO2 emissions from.

1 day agoMcDonald s strong third-quarter results further prove why investors should hold the stock. Answer 1 of 25. Tesla Stock Is Meaningfully Overvalued.

Production growth EV fever and front person Elon Musk have fueled the explosive surge. Experts are divided on whether Teslas sky-high share price is fair. Since becoming open in 2010 Teslas stock has increased by more than 20000.

This was most likely due to a combination of global worry and events. Which makes it a bad buy. So generally speaking a stocks price can be thought of as its current book value plus their expected future value discounted because its in the future.

Currently Tesla is expected to report earnings of 56 per share this year and 737 per share in the next year so the stock is trading at 121 forward PE. New York CNN Business.

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