Robinhood executives: Tesla is more like a "belief" rather than a stock based on fundamentals.
For a long time, Elon Musk's electric car giant Tesla has maintained a very high price-to-earnings ratio, far exceeding the other six companies in the US stock market's "Big Seven". Robinhood's chief investment officer, Stephanie Gilde, said, "If you try to look at it with traditional metrics like valuation and profit expectations, it's really... not the same." For the group of retail investors supporting the Robinhood platform, the answer is clearly "join". Currently, Tesla is the second largest stock in terms of trading volume on the app, second only to the artificial intelligence chip leader Nvidia.
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