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Originally Posted by Fuzz
Is it? It would put the valuation back down in the realm of reality.
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Which reality is this? Actual, or one you imagine it should be?
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I'm not sure you can blame them for the irrationality being displayed in the markets right now.
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Of course you can blame them, their job is to predict market realities. They came up with a price based on wish fulfillment, the same general sentiment we see in this thread over and over. Go back and read this thread from the beginning there are some spicy hot takes.
So now we have TSLA, RIVN and LCID and others all vastly outpacing legacy auto in valuation. Not fair? I think it is, look at the growth of Tesla vs. for example Toyota. The market expectation is projected onto other EV makers, yes some will fail but overall electric vehicles are one of the biggest (or maybe biggest) industry disruptions ever.
I've been saying this for years.