The fact that a single company is higher valued than the entire car market should ring all alarm bells. Because afaik is Mercedes already ahead of Tesla in regarding (autonomous) self driving. But don’t quote me on it.
“The market” (stocks) has been and will continue to be divorced from reality but to play devil’s advocate, Tesla and it’s investors consider it “more than just a car company”. It’s still ridiculous, but that’s the market for ya.
The fact that a single company is higher valued than the entire car market should ring all alarm bells. Because afaik is Mercedes already ahead of Tesla in regarding (autonomous) self driving. But don’t quote me on it.
“The market” (stocks) has been and will continue to be divorced from reality but to play devil’s advocate, Tesla and it’s investors consider it “more than just a car company”. It’s still ridiculous, but that’s the market for ya.