Tesla missed, Alphabet crushed it. But guess who gets the 180x PE multiple?
KEY TAKEAWAYS
Tesla’s valuation is heavily based on future growth rather than current fundamentals
Q2 earnings revealed weak free cash flow and shrinking unit sales
Alphabet’s Q2 results were strong across revenue, margins, and all major segments
Despite strong fundamentals, Alphabet trades at a lower valuation than peers
The black and white cookie serves as a metaphor for balancing growth expectations
MY HOT TAKES
Tesla’s $300+ stock price might be more about Musk than math
Alphabet is being priced like a legacy media company, not an AI leader
Investors are rewarding hype over earnings—again
Valuation gaps like this won’t last forever
Not all growth is created equal—some of it actually earns money
You can quote me: “With Tesla, it would appear that the vast amount of the company’s share price can be attributed to the what may be versus the what is.”
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Siebert Financial (800)872-0444