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Hefty
@cookiemonster
The valuation is clearly nuts based on current earnings - so either there’s a path for that valuation to fall to something more in line with earnings, or there’s a path for earnings ( and therefore volumes) to rise to a level to justify the valuation.
I can see the first path, but find it hard to see teslas volumes and profits growing to such stellar levels. The “the rest of the car industry is dying” narrative made some sense a few years back when there was basically no competition, the major manufacturers hadn’t got their act together and Musk wasn’t so toxic. But none of that is true today.
Be interesting to watch whatever happens