They never do quite seem to get it:
and Tesla’s value neared 27.2 times its earnings, according to Bloomberg. For comparison, General Motors trades at a multiple of 2.6 and Ford at 2.3.
Don’t think so. Revenues perhaps, but not earnings. Ford had sales of $160 billion perhaps, with a market cap of $40 billion.
Sure, we can mutter that earnings is what is earned and thus is indeed revenue but that’s not how the words are used in matters financial, is it?
And the idea that a car company should be at 27 times revenues……
