That's because Tesla's stock is overvalued. Tesla's revenue is *only* 60% higher... | Hacker News

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DiogenesKynikos on Feb 19, 2024 | parent | context | favorite | on: How China Built BYD

That's because Tesla's stock is overvalued. Tesla's revenue is only 60% higher than that of BYD Automotive.

Jonanin on Feb 22, 2024 [–]

It's very humorous, though not unexpected, to see a reply about revenue numbers to a post that was mainly speaking about Tesla's superior margins.

DiogenesKynikos on Feb 22, 2024 | [–]

Tesla has a P/E ratio of 45, vs. 17 for BYD. A lot of Tesla's value is based on hype and expectations, not on its current business.

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