Arctic_White
Well-known member
- First Name
- Ray
- Joined
- Feb 8, 2021
- Threads
- 4
- Messages
- 306
- Reaction score
- 491
- Location
- Edmonton, AB
- Vehicles
- Model S Plaid; CT on order
TSLA right now is so undervalued... it's borderline going to become a joke.Oh boy......
Please don't recommend to anyone buying BTC.
I own BTC, and I'm one of the lucky few that got in when it was under $1k. I follow crypto as closely as I follow my TSLA. Not that anyone asked me, but cyrpto is little more than betting on sports or heading to the casino.
IMO, we are decades away from crypto amounting to anything, if it ever does. There are so many forces working against crypto that it may just never amount to what anyone hoped.
Hold your TSLA. Finance your CT when your number is called. The TSLA will be worth more than the CT in 10 years.
Again, no one asked, I'm not offering advice, just my opinion. Back to drinking my coffee and lurking in the shadows.
On December 31, 2020, Tesla had an EPS of $0.64 with share price of $235.22. P/E ratio? A mind-boggling 235.22 which was borderline a meme stock IMO.
On December 31, 2021, Tesla had an EPS of $2.57 with share price of $352.26. P/E at that time was 137.07.
For 2023, I'm estimating Tesla's EPS (that is Earnings Per Share, Diluted, GAAP) to be around $8. At a $360 share price, that leads to a P/E ratio of just 45. You might say whoa, Ray, $8 EPS is far too rich. I say look at the historical growth. Tesla didn't even make profits until 2019. Since then, they're on a rampage and expecting to grow their revenues by 50% Y/Y over the "next foreseeable future!" This is a huge bullish sign.
I'm simply looking at the numbers here and the current stock price of $180 is a bargain. I fully expect the share price to be double this amount within the next 12 to 14 months. (Feb '24, latest.)
At the end of the day, Elon and his antics is just noise. Long-term fundamentals are what drive a stock's price. I am buying TSLA but I am also a long-term holder (10+ years) not a short-term gambler / trader.
This is not financial advice.
Sponsored