Comment Comment by omgwtfbyobbq PE isn't a great way to value a company in their growth phase.Amazon's PE in 2013 was 3000+, but you'd still be up almost 20x if you purchased their stock back then.https://www.theglobeandmail.com/investing/markets/markets-ne...That doesn't mean Tesla or SpaceX are good buys though. Maybe they are, maybe they aren't. parent omgwtfbyobbq 5 months ago
Amazon's PE in 2013 was 3000+, but you'd still be up almost 20x if you purchased their stock back then.
https://www.theglobeandmail.com/investing/markets/markets-ne...
That doesn't mean Tesla or SpaceX are good buys though. Maybe they are, maybe they aren't.