and then at least 5-10x what companies that actually make a lot of cars are valued.
Tesla should probably be valued at something like #3 or #4, their market value needs to crater by at least 50%, more like 80%, to reflect their real long term standing.
Tesla is still valued at 2x Toyota:
https://companiesmarketcap.com/automakers/largest-automakers...
and then at least 5-10x what companies that actually make a lot of cars are valued.
Tesla should probably be valued at something like #3 or #4, their market value needs to crater by at least 50%, more like 80%, to reflect their real long term standing.