Ep65: Tesla's Fountain of Youth Revisited

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Reflections on Investing

Cornell Capital Group LLC

64 episodes

1 week ago

Drawing upon his 40 year career in both academia and investment consulting, Prof. Bradford Cornell tackles todays important investing issues from both a practical and scientific perspective. His straightforward approach will help investors or all stripes make reasoned financial decisions. www.cornell-capital.com

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Investing

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Ep65: Tesla's Fountain of Youth Revisited

Reflections on Investing

8 minutes 53 seconds

8 months ago

Ep65: Tesla's Fountain of Youth Revisited

The P/E for automobile manufacturers is normally very low. Ford, GM and Toyota currently trade at 7 times earnings. Tesla’s P/E of 114 is unique in the auto industry. Elon Musk’s promises of future growth from humanoid robots and robotaxis have sustained Tesla’s high price but investors should be cautious as stock prices built on future growth expectations can drop just as quickly as they rise.