Tesla, $TSLA, Board of Directors have just reportedly opened a search for a CEO to succeed Elon Musk
13igTyme @ 13igTyme @lemmy.world Posts 0Comments 366Joined 2 yr. ago
13igTyme @ 13igTyme @lemmy.world
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It's literally the opposite. The company has only done well in the past because of his antics. Tesla currently has a price per earning ratio of 155. It's only even this low because now people realize he's a Nazi. In the past, I've seen their price per earning ratio go as high as 350. If you know anything about stock fundamentals, you'd know that a normal ratio is around 20-30. Anything under would be a must buy stock and anything over would be a must sell, generally but not always.
But not Telsa. This isn't the first quarter sales have been down for Telsa. In the past when it happened, Elon would just do something stupid like launch a car into space, make a small flame thrower, or do some stupid meme shit and the price would still go up, despite a bad earnings call.
Since the first non roadster Telsa, they have been making shit quality cars and selling features as a subscription. If it wasn't for captain dipshit doing stupid stuff and fooling people into thinking he's smart, that company would have failed. Or he would have sold his portion back to the original owners and they company might have produced quality cars like the Roadster.