You’re absolutely right that the earnings today doesn’t justify the stock price.

It’s all based off future assumptions that would need to come true like dominating the AV industry and humanoid robot industry.

There was actually a brief period in 2022 I think where the stock price was really high, but they were making more profit than other OEMs combined with a faction of the cars, and they were actually reaching what seemed like a reasonable PE ratio. Then he bought twitter, did the nazi stuff, did the Cybertruck instead of the 25k vehicle (which is now abandoned), and their vehicle growth started shrinking instead of growing.