So I understand there are a bunch of cult like members and its also the reason why I don't specifically believe the buy to the moon nonsense. While I believe the premise, I don't agree with everything and I wouldn't really consider it just a meme stock.

Is Tesla completely profitable without the subsidies? Currently no because they sink too much into development. It is something common in most companies when they are growing. Tesla is definitely ahead of the rest of the when it comes to the EV space and autonomous driving. Not everything he promote is the best and all I believe is that it is an edge. So if they were to stop focusing on development, then they would definitely be profitable.

So long story short. Would I buy tesla at current prices? No I would not and even the technical chart doesn't make me interested. However I don't believe using P/E ratios would make you more or less similar to those mainstream economist.

Do I think Tesla has a higher chance in 5 years? Yes I think it would if things play out according to their edge. However I just don't think the risk is worth the reward for a core position. If its just a trade, then yes I don't mind entering.

Posted Using LeoFinance ^Beta