alt Hacker NewsWords do mean something, and you could have taken 5 minutes of research to make a reasonable counterclaim
Tesla has an insane PE ratio because it’s a casino stock (~350x). As a comparison, NVIDIA IS 40x. SpaceX Is projected to be 300-500x. These are fantasy, completely unrealizable valuations. Similar to Enron, and Enron was over 70x. Enron wasn’t some surprise either.
Typically when PE gets out of whack, market analyzers dig into what is happening because it’s usually chicanery. No longer. Everyone is along for the ride.
Replies
Having a high pe is not fraud. There are even companies that are losing money, and they're still worth something.
When people say something is like enron, they dont mean it has a high PE. Its like saying someone is like Hitler and meaning they are a failed art student
PE has literally nothing to do with what Enron did which was accounting fraud + cashflow problems because they actually didnt make any money, in fact they lost tons of money and used future earnings in current reporting