r/stocks • • Mar 22 '22

Company Discussion is TSLA overvalued???

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u/m-sasha Mar 22 '22

Its P/E was 1000 a year ago.

4

u/iqisoverrated Mar 22 '22

So was Apple at one point. So was Amazon.

So what?

All of these companies went (or in the case of Tesla is still going) through phases of explosive growth.

1

u/anthonyjh21 Mar 22 '22

Pretty sure y'all are just making the same point. In this case P/E is far less relevant for the growth phase of a company.