Tesla profits drop 71%

[pdq]

Carnos Jax wrote:
The rub is, if you were a long time investor in Tesla, you're investment has been moving sideways for the past 4 years, where the market as a whole gained 30-40%.

The S+P 500 is actually up 93% over the past 5 years; that number would be over 100% if you sold before January.

Carnos Jax wrote:
If you've been an ultra long haul investor (like me and some others around here) then you've been rewarded handsomely.

…and kudos for that. But with a current trailing P/E of 140 (!) and profits falling like they reported yesterday, it doesn’t look very compelling going forward.

(The usual disclaimer: I hold no position, short or long, in TSLA, and never have).