Comment by gravescale

I still have never understood the valuations. Sure, they'd make sense if Tesla ended up being the only game in town, forever. But even though they undoubtedly have been streets ahead in many places for a long time and Western manufacturers have been caught on the back foot, the Asian players are snapping at their heels, and (some of) the Western brands are slowly waking up. And even if they weren't, I don't see how Tesla would have been able to dig a moat wide enough to last so long that a trillion dollar valuation could be realised before they become just another EV brand in the pack.