Actually the funny thing is that there is a mixing of meme stuff, Elon verse impacts (AI + self driving + Energy) etc. and under none of these circumstances is a 200+ PE justified.
The funny thing is after 6 years of effort apparently they have managed to get the dry coating process for batteries working and according to a few reputed sources have ingredients for entire battery chain available locally.
The thing is if this stock was underpriced and rational this would be such a positive news after 2-3 years of growth stall.
Instead they are trying to keep the hype up with endless goalpost changing and self driving possibly stuck perenially in edge case doom scenario with camera only decision
Batteries are boring, or at least the hype has a short shelf life. There are enough normies making progress on batteries that Elon hasn't got a credible argument that he is different and better.
Same for cheap Teslas. Some hype trains hit the buffers sooner than later.
The funny thing is after 6 years of effort apparently they have managed to get the dry coating process for batteries working and according to a few reputed sources have ingredients for entire battery chain available locally.
The thing is if this stock was underpriced and rational this would be such a positive news after 2-3 years of growth stall.
Instead they are trying to keep the hype up with endless goalpost changing and self driving possibly stuck perenially in edge case doom scenario with camera only decision