[panarky]

> There is absolutely no logic to why a company that produced 100,000 cars/year for a total loss of 2 billion is worth 2x a company that produced 6,200,000 cars/year with total profits of 7.2 billion.

A company's valuation is determined by expectations for the future.

[vanattab]

That is exactly my point! There is no reasonable expectation for the future that would justify investing the current valuation.

[wellboy]

Except that Tesla is the currently the strongest player to take the biggest market in history, autonomous driving with electric cars and Ford isn't.

[greglindahl]

The market can remain irrational for longer than you can remain solvent.