Summary
Tesla board members and executives have sold over $100 million in stock since early February as the company’s shares decline.
Board member James Murdoch sold $13 million in stock on March 10, coinciding with Tesla’s worst single-day drop in five years.
Kimbal Musk sold $27 million in shares last month, and board chair Robyn Denholm offloaded over $75 million through a predetermined plan.
The sell-offs come as Tesla’s stock has fallen nearly 50% since December.
The P/E ratio is off the charts. Things will get really interesting after the Q1 earnings call on April 29th.
I wouldn’t be surprised if Tesla chooses to cook the books.
It will be very strange if numbers aren’t in red.
Oh man, that would be so illegal! The SEC would surely step in to investigate that, right?
Right?
…right…?
We have looked at several book covers, and everything seems fine.
They might pull an Oracle and stop reporting certain numbers and aggregate them with something else. Like when oracle stopped reporting cloud revenue as it’s own line item.
BuT bUt BuT tHiNk AbOuT tHe MaSsIvE dIvIdEnD pOtEnTiAl WhEn ItS tEcH fUlLy MaTuReS! iT mAkEs Me FeEl LiKe I gEt To OwN sUm SpAcEx ToO!!!
For someone who knows nothing about stocks, what is a P/E ratio?
The price the market is willing to pay for one share of stock vs the amount of profit the company is making per share.
A P/E of 90 means someone is willing to pay $90 for a share of a company that is netting $1 of profit for each outstanding share it has.
https://en.wikipedia.org/wiki/Price–earnings_ratio