Bottom line: Tesla has no actual product to justify the stock's sky high price.<p>GM, Ford, Toyota etc. all have a price to earning ratio (P/E) of less than 10.<p>Tesla has a P/E of 120.<p>But, but, but --- Tesla is more than just an auto manufacturer. Again, there is little in the way of actual product to justify this viewpoint. 90 percent of their income is from autos.<p>But, but, but --- Tesla is a "growth stock" with huge future potential. Again, the actual data shows otherwise. Sales in 2024 actually <i>declined</i>.<p>The only reason Tesla has a P/E of 120 is because the so called "smart money" (aka institutional investors) remain bought into Musk's fantasy in a big way.<p>Musk's best skill is con artistry and Wall Street is one of his biggest marks.