The case for Tesla
Tesla trades at nearly 100 times earnings. Does that make sense?
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Tesla’s earnings slightly disappointed last week, but its stock is still valued at nearly 100 times earnings. Does this make sense? And what exactly is Tesla anyway? Today on the show, Rob Armstrong and reporter Aiden Reiter take apart Tesla and try to sort out an eclectic basket of electric cars, self-driving taxis, humanoid robots and other grand plans for the future. Also we go long the yen and long bitcoin, for complex reasons.
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You can email Robert Armstrong at robert.armstrong@ft.com and Katie Martin at katie.martin@ft.com.
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