Tesla Inc TSLA

P/E Ratio in a Possible Recession Environment

[Bertanderson]

Growth stocks continue to get pummelled much like they did in 2000 and 2009. Tesla is a growth stock with a P/E of 80 and a forward P/E higher than 80. I agree they are a ground breaking company but with competition from every other auto maker who will offer EVs at lower prices than Tesla, their revenue will shrink and earnings will shrink into the future. A reasonable P/E for this stock in this environment is 30 my opinion. That's 2.5 times lower than the current price of $205 or $77.

[mrbb]

how can forward P/E be equal or higher than current P/E when tsla is growing at 50%?    

[Obscure1]

FUD at its best. The forward P/E multiple on 2023 estimated earnings is currently 35x.  The P/E is based upon a very conservative street estimate.  Just to give you an indication of how conservative, the street has now revised its forward earnings estimat up 8 times this year to the tune of 51%.   Tesla has been selling at what Elon stated at the Q2 conference call as "

[mrbb]

           

[mrbb]

I thought i would keep the post short and to the point but stockhouse algo messed it up while having no edit feature here is the link  The AI Investor on Twitter: "To put $TSLA PEG into perspective: - undervalue $GOOG ~1.22 - $AAPL ~2.51 - beaten down $NVDA ~2.23 - beaten down $META ~1.64 - $MSFT ~ 1.71 - $AMZN ~ 4.56 - most other tech/growth stocks are unprofitable All of the