$Tesla (TSLA.US)$ price decline seems way overdone. - At $17...
$Tesla(TSLA.US$ price decline seems way overdone.
- At $170, TSLA forward P/E of 30x lowest since Jan 2019 (29x).
- TWTR certainly not going bankrupt; even assuming 50% drop in ad spend, would lose ~$1B/yr after 50% Cost & Exp cut.
- China EV leader BYD raising EV prices, easing concerns.
$BYD Company ADR(BYDDY.US$
- At $170, TSLA forward P/E of 30x lowest since Jan 2019 (29x).
- TWTR certainly not going bankrupt; even assuming 50% drop in ad spend, would lose ~$1B/yr after 50% Cost & Exp cut.
- China EV leader BYD raising EV prices, easing concerns.
$BYD Company ADR(BYDDY.US$
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TeslaSmurf : Right, but must add a couple of notes:
1) Twitter has no financial problem at the moment as it has some billions cash (though having to pay 1,2 Bln interest on the loan) and much less employees cost (2/3 less) for the year to come. Elon needed that money for something else (maybe a personal loan buyback at great conditions from the “suffering” banks).
2) The “story” that BYD is China’s EV leader is not really true for a bunch of reasons: Half of their EV production is still hybrids (nonsense that are going to disappear from the market at the advantage of the most reliable charging network: Tesla’s Superchargers. Then, BYD makes very little profit on their “pure” battery EVs, SO much that Tesla's overall margin on each car is 11 (ELEVEN) times higher than BYD’s.