What's Tesla's forward PE? Close to 200? I don't think we can use them as an example of anything resembling a sane market.
Edit: Found a link to the article content, I gather that's basically the point you're making?
Yes, the point I was trying to make is that companies can get away with not being maximally profitable. There's nothing legally stopping Apple from accepting a slightly lower profit margin on the 5% of sales volume that might go to smaller iPhones if they would offer them. But it might brighten the day for millions of customers.
> What's Tesla's forward PE? Close to 200?
Nope, close to 300 actually…
That's trailing PE. A standard response to that observation would be that the market is forward looking. So I try to stick to forward PE when discussing price. 200 is still insane in any case, it's an order of magnitude higher than, for example, GOOG.
https://www.ft.com/content/62df8d8d-31f2-445e-bfa2-c171ac43d...