Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

No. This is not how it works.

I don't think so. It is over priced and a MUCH bigger risk then Saleen... $200 per share is a big risk. The value is what, 20 times earnings currently on Tesla but it isnt over valued?

1. PPS = +$200 for Tesla
2. EPS = -$2.36

A stock is not "risky" or a "bigger risk" than another stock simply because of the stock price's denomination being higher than the other. It is not how this works. Not even a little.

At $200 a share, TSLA's loss last year was 1% of its current value while SLNN's loss was 600% of its current value.

Therefore on an EPS basis, TSLA is in a MUCH better situation than SLNN. There's no place for doubt here. This is simply a fact.