Even if that all were true (it's not), Tesla could be the most important and revolutionary car company since Model-T era Ford and _still_ be insanely overvalued. Before their recent stock slide they were worth as much as every other major manufacturer _combined_. Their P/E ratio hovers around 300. Mercedes-Benz hovers around 5.
I admit Q2 will be lower than Q1, but Q4 this year will likely see an even lower forward P/E if price remains the same.
Sure, they could be overvalued, I'm just trying to explain why it's valued as it is for those that think it's "insane".
Mercedes hovers around 5 because many investors believe they could go bankrupt if they can't successfully transition to EVs. GM, for example, will very likely go bankrupt (again). Many others as well.
