Yep nothing is wrong with this picture.. move along move along move along.....
Whats even insane is that Walmart has a recorded $500,000,000,000 more in revenue than tesla.
The relative valuation of Tesla to Walmart is astounding when considering the financial profiles of both companies. In its latest fiscal year, Walmart recorded $500 billion more in revenue than Tesla.
But in a world of near-zero interest rates, growth is scarce, and investors are willing to pay up for it. Case in point: Tesla featured a price-earnings multiple of 1030x as of Thursday
https://markets.businessinsider.com...t-valued-sp500-us-companies-2020-8-1029524035
Whats even insane is that Walmart has a recorded $500,000,000,000 more in revenue than tesla.
The relative valuation of Tesla to Walmart is astounding when considering the financial profiles of both companies. In its latest fiscal year, Walmart recorded $500 billion more in revenue than Tesla.
But in a world of near-zero interest rates, growth is scarce, and investors are willing to pay up for it. Case in point: Tesla featured a price-earnings multiple of 1030x as of Thursday
https://markets.businessinsider.com...t-valued-sp500-us-companies-2020-8-1029524035