[nscalf]

Yeah, valuations also bake in expectations of future earnings. Beyond normal expectations, growth stocks like this and tech companies get big multiples. My theory is that retail investors behavior is more like angel investors with tech companies now. My guess on the valuation right now is that a huge amount of people think Tesla becomes the worlds largest car company and redefines the industry. I mean, they kind of already have redefined the industry, the only question left is how much of the change do they capture as value.

[dehrmann]

I don't really believe in Musk and Tesla, but I'm not a bear (I have no idea what direction retail investors will take it), and I respect Tesla for proving that lithium ion batteries are viable for powering cars. The rest of what Tesla does is over-promise, under-deliver, sloppy manufacturing, dangerous, experimental products, and a dream.