[nuerow]

> Tesla’s stock price is confusing if you compare them to a car company. But they are not just a car company.

Tesla's stock price is confusing because it cannot be explained, let alone justified, by any market analysis, results, or market price calculation. It's purely willingness to pay driven by meme stock speculation.

> They are also a car manufacturing supply chain, having brought much of their component production in house.

This assertion makes absolutely no sense given that Tesla's market value is currently greater than Volkswagen's market value, and by no means is Tesla even comparable with Volkswagen in terms of any of the criteria you've brought up.

[seanmcdirmid]

Stock prices are more about growth potential than existing size. Tesla is valued more than Volkswagen because it is expected to be bigger in the future (or VW is expected to be smaller in the future, or a mix of both). We’ve been through this before with tech stocks, and the enthusiasm for future growth has shown to be often correct, and also often incorrect. Playing the market is a bit crazy like that.