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PE ratios will suddenly matter again when we get hit with the next recession.

yup, remember when musk was pushing doge coin? not much difference

That can't be whole story, though. They're still profitable.

If Tesla is worth a trillion dollars, is it a meme ?

If Tesla is a meme, is it worth a trillion dollars ?

This is the much better question :)

It's not though

Not a meme? Or not a trillion dollars?