Tesla shares fall as profitability continues to decline
TSLA Tesla Inc
$379.78 +0.46%
View chart & analysis → - 1Tesla shares recorded a 10% drop on Thursday, November 5.
- 2Tesla shares showed a 29% decline from its all-time high.
- 3Following the recent share price decline, Tesla's price-to-earnings (P/E) ratio stood at approximately 380 times its earnings.
So what's the key point?
Tesla's stock price fell by 10% in a single day. This means the stock price is 380 times higher than its earnings, which indicates it is expensive.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.