this post was submitted on 29 Jan 2026
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Remember, this is talking about profits, not revenue. They're still making profit. They did shit profits, but it was more than people expected them to make, so shares went up. Fuck Tesla.
Another way of saying it is that shares had already gone down because this was expected. When it wasn’t quite as bad as expected, they got a little bump back.
P/E ratio is still 280 for Tesla, while it's like 7 for Toyota. Tesla was valued at like $250 in April and after this report it was almost $450 and not far from all time high. It clearly had not gone down enough.