Irrational exuberance created a $35B company. There's no way Tesla should be worth 60% of what Ford, GM, or Honda is.
That's not a dig against Tesla, but it's P/E is way off the charts for a car company.
That's not a dig against Tesla, but it's P/E is way off the charts for a car company.
There's no indication that will happen in the next 10 years. Certainly not quickly. Any shift away from gas will be gradual and give automakers plenty of time to react.
Tesla is a boutique manufacturer. Their stock price is entirely based on dreams of future earnings, just as Amazon's price has been unnaturally elevated for 15 years despite never turning a profit worth writing home about.