bmneveu
TSP Pro
- Reaction score
- 49
You know what I just don't get?
I don't get why TESLA (TSLA)is trading at $237 a share, with a forward looking PE of 77; on 2.86 billion in sales, with a $- 1.35 LOSS on every share.
While at the same time, General Motors is priced at $31.67 a share, with a forward looking PE of 7, and a positive earnings of $1.56 a share, with sales of $156 BILLION dollars.
TESLA's price makes absolutely NO SENSE to me.
TSLA's chart just completed a bearish Head and Shoulders pattern a few weeks ago. It's getting drawn out, but it could still take a plunge. The same set up occured back in November of 2013 and it lost a good chunk in the short term.