Well, I mean there is always the good old: “The market can stay irrational longer than you can stay solvent.”
But there definitely is something strange with Tesla valuation. It’s above their 5 biggest competitors combined. Plus their multiples are way off compared to the other players in their market. It doesn’t look particularly sustainable to me.
I understand that people have different opinions about Tesla. That’s not only fine, that’s also important. I just find it really weird when people have been saying the same things since 2016 (frankly, for much longer), proven wrong time and time again, about demand, production and stock price, among other things, and still do not concede even the possibility that there just might be something that they have been overlooking.
> still do not concede even the possibility that there just might be something that they have been overlooking.
I will bite. What do you think make Tesla special compared to their competitors?
They clearly had a first mover advantage on EV which served them well but now that all manufacturers have good electric cars on offer what justify Tesla valuation?
But there definitely is something strange with Tesla valuation. It’s above their 5 biggest competitors combined. Plus their multiples are way off compared to the other players in their market. It doesn’t look particularly sustainable to me.