Not a single poster really has a grasp on the market that much is obvious. OP does not understand how the market values TSLA.
F you are relying purely on some ETF tracking the S&P to take car of your retirement, you are barely going to keep up with inflation - especially once the Fed stops printing money, and inflation takes hold. If anything that addition of TSLA to the S&P will help your ETF's as they can dump whatever company is doing so badly it is getting the boot from the index. The ETF's make money when the stock goes up, not because of some P/E target that is almost meaningless. Would you have bought AMZN in the first ten years when it lost money every quarter? And if you did how many millions would you be worth now?
To put it simply, TSLA is not valued on P/E or how many cars they sell (at the moment). They are being valued as a technology company, and as the world transitions to e-vehicles, with e-batteries, guided by e-drivers, and homes need solar panels to charge their e-home batteries, the technology owned by and licensed by Tesla will be worth trillions - that is why TSLA is so highly valued.
In a single sentence - the stock market is projecting forward (somewhere between 6 and 12 months depending which "expert" you believe), so the current valuations are predicting that the country will return to some semblance of normal by late summer / fall of 2021. Biden is more in the pocket of wall street than Trumpy ever was (take a look at where wall street money went in the election), so the money men expect the printing of money to continue unabated for the near future.
Why bitch and moan, why not take advantage of the way the system works. I don't try to change the rules of golf, or the course, I accept it for what it is, and play within those parameters, rules and restrictions. If I really give a shit, I may even take a lesson or two to improve.
Just another indictment of the education system really. We over-emphasize the importance of a college education, yet have kids leaving high school who could not balance a check book (or Venmo account). Not difficult to teach. But if you actually taught them how to understand the most basic math and finances, they likely would not be suckered into multi decade student loans that just perpetuate and support the same poor education system (but at least the kids are indoctrinated into socialism, and it is better they don't understand math)
and laughing because I am long TSLA since the $500's - PRE split, heck I bought several large positions at $380 post split, and with TSLA at 625 plus today, those are on their way to double soon. But TSLA options trades this year have been key, responsible for two five figure days alone. Keep hating on TSLA, enjoy the FOMO
