The worst stock in the S&P500
Despite all the scandals surrounding Boeing, Tesla is the worst performing stock in the S&P 500 this year.
Down -35%, it still has the highest forward P/E multiple among the Magnificent 7.
➜ 58,8x (!)
This makes even NVIDIA look cheap with 36.8x.
And Tesla’s market value is still the same as Toyota, Mercedes-Benz and BMW… combined.
More declines on the way?
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