Tesla's Stock Has Crashed 30% This Year. 1 Thing to Know Before You Buy.
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Tesla's stock has dropped 30% this year, with its price-to-sales ratio falling from over 15 to 9.2. While the valuation appears attractive, it has reverted to historical averages, which typically range between 5 and 10 times sales. Despite the recent correction, Tesla's price-to-sales multiple remains above its long-term average. Although the growth forecast has improved, the stock is not as cheap as it seems, as the correction followed abnormally high valuation levels.
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