The more interesting dynamic with Nvidia though is that most of its revenue is actually fueled by bubbles as well. Teslas earnings are much more grounded and natural.
How do you rationalize Tesla being valued higher than the combined valuation of the next ten car companies? They will be the only one left standing?
In all, it’s unfortunate that the US’s most prominent electric vehicle manufacturer is wrapped up in so much noise. Competition is only going to stiffen.
Net income is down 70% year over year and they are now losing money.