Amzn had a $40 billion market in 1999. Tsla is currently $400 billion.
Parabolic move is what we are witnessing..8-2020
- Thread starter Rickshaw Man
- Start date
Amzn had a $40 billion market in 1999. Tsla is currently $400 billion.
Huh? I only took S2007S's numbers and did the baisc math.
Anyway you do know AMZN still hasn't turn a profit to this day selling books? Prime subscriptions (which no one really gets just to have a book next day) and AWS are the only real profit centers. Extremely profitable but not growing at the rate, or better, that market cap is. Eventually it will all come out in the wash.
Yeah I know. I don't care to be right, but I am sure all of you will get a pat on your backs eventually. Meanwhile, we are riding this all the way to the top and stop out for a few percentages off the high.
The point was its not a good comparison.
This bubble in TSLA is at least five times the bubble in Tech stocks of the 1999.
Inflation.
What qualifies you to make this statement?
Why should anyone pay attention to what you say?
Im just quoting figures.
In March 2000, the P/E for the Nasdaq was 175. And that was huge Bubble.
Tesla, what is it now, 1200
So this TSLA bubble is currently almost 7x bigger than the Tech bubble in March 2001.
These are the same arguements been made for years though.
Pets.com, E=0, infinite P/E. Super duper bubble.