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<blockquote data-quote="Allen" data-source="post: 357803" data-attributes="member: 389">I want neither the vehicle or the stock.&nbsp; TSLA stock went hog wild almost from the get-go because of the novelty of an electric full-sized car.&nbsp; That novelty has now worn off and the stock price is going to start reflecting profits and losses, just like every other stock out there.&nbsp; That means their current P/E of 34.5 is probably not sustainable when their automotive competitors of Ford has a P/E around 5, GM is at 5.6, and Toyota is 9.9 and one of the higher in the auto industry.I would not buy TSLA until it starts to settle in somewhere nearer its peers with regards to some well understood metrics for success.&nbsp; Note, we see this kind of irrational run-ups in stocks all the time.&nbsp; Crocs was the darling a number of years ago, and things like Gamestop were last year.&nbsp; It's harder to quantify public goodwill than it is the successful nature of a business, and arguably TSLA thrived on it the past few years.&nbsp; Hell, TSLA doesn't even pay a dividend and doesn't plan on it...ever.&nbsp; Given current stock pricing, I can't imagine they will be quick to do a split again in an attempt to appease investors either.In short, I think the TSLA ship has sailed.</blockquote>

[QUOTE="Allen, post: 357803, member: 389"] I want neither the vehicle or the stock. TSLA stock went hog wild almost from the get-go because of the novelty of an electric full-sized car. That novelty has now worn off and the stock price is going to start reflecting profits and losses, just like every other stock out there. That means their current P/E of 34.5 is probably not sustainable when their automotive competitors of Ford has a P/E around 5, GM is at 5.6, and Toyota is 9.9 and one of the higher in the auto industry. I would not buy TSLA until it starts to settle in somewhere nearer its peers with regards to some well understood metrics for success. Note, we see this kind of irrational run-ups in stocks all the time. Crocs was the darling a number of years ago, and things like Gamestop were last year. It's harder to quantify public goodwill than it is the successful nature of a business, and arguably TSLA thrived on it the past few years. Hell, TSLA doesn't even pay a dividend and doesn't plan on it...ever. Given current stock pricing, I can't imagine they will be quick to do a split again in an attempt to appease investors either. In short, I think the TSLA ship has sailed. [/QUOTE]

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