The earnings are out. Let’s document this kind of equation here, so we can marvel at it someday and wonder how this was even possible.
Revenue dipped slightly. Earnings dropped significantly. The company’s P/E ratio is over 300.
An old-timer who doesn’t understand modern times might wonder shouldn’t a company with that kind of P/E ratio be growing at an absolutely insane pace.
Tesla’s share price could drop to a tenth of what it is and it would still only be on par with or above other tech giants.