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Comment by ggm | Hacker News Reader

I do not understand the P/E at all. It feels to me like a screaming red flag. If I'd been in front of this, holding long, I would be walking to other investment now and only looking to buy when the inevitable corrections come. But I don't hold directly and nobody I know who does feels the way i do about the P/E so.. I just don't understand.

Can you think of any non tech business where a P/E like this was not a signal of corporate diseased thinking?

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> Can you think of any non tech business where a P/E like this was not a signal of corporate diseased thinking?

PE is measuring the past, stock price is measuring the future.

I'm not saying TSLA PE makes sense, but if people expect earnings growth then in theory it could.

For this kind of desirable (to early stock owners still holding) P/E you need a story stock. Elon has proven great at telling tech-based stories.

> I do not understand the P/E at all

cult

But, but, robotaxis! Er, no, we mean humanoid robots!

I wonder what it’ll be next. Betting on ‘quantum’ something, which has the great benefit of being rather vague.

Bloom Energy (BE). It's PE is higher than TSLA but I don't think it's culty, we just need power badly and people see that.

I could be wrong. I hold BE shares.

Bloom Energy is a growing company which is just shifting towards profitability and positive free cash flow and earnings. Those stocks are expected to have silly P/E ratios. They haven't had 2 years of declining sales.

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