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Yet Tesla market cap is four times that of Toyota's.

Unbelievable.

I had to stay out of TSLA after the first year or so because the valuation made no sense to me. Other than a FOMO / YOLO play like BTC.

I'm shocked that the valuation continues to remain so high after so many lies and mediocre results. Was the Cybertruck a success? There definitely are not a million Tesla robotaxis on the road as Elon suggested there would be by 2020.

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P/E ratio says meme stock all over it. Private equity are pulling out. They are selling off to ETFs (who don't care) and bag holders.

Well, I heard Cathie Wood refer to Tesla as the largest AI project in the world. So if you think of it that way maybe the sky's the limit. She seems 100% certain that people will be earning money renting out their Teslas as robotaxis in the next few years. But it's a car company. Or not. Maybe. Whatever. I put it in the "too hard" pile.

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