Starship Trooper

The Credit Strategist Blog

Apr 20, 2023

∙ Paid

TSLA stock closed today at $162.99 (market cap of $516.6 billion, P/E of 45x) after reporting 1Q23 earnings that met expectations but were decidedly uninspiring for a stock trading at such an exorbitant valuation. Highlights of the first quarter report were a 24% drop in net income to $2.51 billion ($0.73/share) from $3.32 billion ($0.95/share) a year …

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