Wall Street always pays a premium to a company that changes the way we do things.
Amazon: changes the way we do shopping. PE > 100 Netflix: changes the way we watch TV. PE > 300 Apple (back in 2002): change the music industry. PE was around 100
Could Tesla be like these 3 companies? If so, it could go beyond $1000.
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Folks, TSLA broke out from 3 years of consolidation today. And now people are saying "overvalued" based on their old school valuation method and I also heard people saying "euphoria", "tulip mania 1637"...WHAT?
Let me tell you, 1. Old school valuation does not work for Tesla unfortunately. 2. With these many people feeling bearish on Tesla, this is NOT euphoria...
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And... Oh boy, we up $100 since this post.. Tesla is just on fire..