Musk is now the richest man on the planet. Who could have imagined this eight years ago, when I wrote my first Tesla post which ended with this:
I think Tesla as a public company (symbol TSLA) has a great future ahead – I hope they do, at least – provided that the world embraces electric vehicles and the de factor more modest infrastructure for this kind of car. I’ll also mention that the new Slope of Hope (coming soon!) looks gorgeous, particularly in a vehicle being zipped around the Bay Area at high speeds. Elon has another winner on his hands.
That just goes to show you how times have changed. When I started writing the post, I wasn’t even sure they were public! The P/E is about 1600 now, and as you can see from the chart below, it isn’t exactly the buying opportunity that it was when I wrote about it thousands and thousands of percent ago: