“Tesla trades at more than 1,200 times trailing earnings, while established automotive industry peers go for eight times or less.” — Charley Grant, Tesla Is Watching Its Stock Price Too
“Tesla trades at more than 1,200 times trailing earnings, while established automotive industry peers go for eight times or less.” — Charley Grant, Tesla Is Watching Its Stock Price Too Tony Yiu ·Dec 9, 2020

Photo by Afif Kusuma on Unsplash

Regardless of whether you think Tesla is a bubble or not, selling shares to raise cash is a wise move. Good capital allocators know to buy low and sell high. While the jury is still out on the buy low part but Tesla’s $5 billion stock sale is definitely a case of selling high.
['Tony Yiu']
['Investing', 'Tesla', 'Stocks', 'Business', 'Technology']