Quote:
Originally Posted by zamler
Which reality is this? Actual, or one you imagine it should be?
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.
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Does this make logical sense to you? Will Tesla just overtake every other automaker on the planet while they all implode? Or do you think maybe they will manage to adapt and retain some market share? These are massive, massive businesses we are talking about here. There is no logic in the current valuation. I'd buy some of the future value arguments, but not to this scale.
But ya, everything is just where it should be. The markets are incredibly irrational right now. They will correct one day.