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Analysts and investors, including Bernstein's Toni Sacconaghi and PIMCO co-founder Bill Gross, have criticized Tesla's valuation, stating that it is disconnected from the company's fundamentals. Sacconaghi notes that Tesla's stock price is significantly higher than its actual earnings, trading at 125 times earnings despite a drop in earnings per share estimates from $7 to $2. Gross likened Tesla's behavior to a meme stock, highlighting sagging fundamentals and rapid price movements.
Tesla is acting like a meme stock right now, says billionaire 'Bond King' Bill Gross https://t.co/Uv2ZedhfO3
PIMCO co-founder, Bill Gross believes $TSLA is acting like a meme stock. https://t.co/CM1MH9xBlo https://t.co/IJ2SrUWTn5
Let me help you with this: Gross is short $TSLA and in pain "Tesla acting like a meme stock — sagging fundamentals, straight up price action. But then there seems to be a new meme stock every other day now. Most are pump and dump. Chewy. Zapp. And old favorite GME. -- BILL…
