There is so many people claiming a bubble on Tesla comparing it to a car company and pointing to fundamentals. Tesla is a high growth technology company. Their valuation is all about what they could become.
The most talented young people all want to work for Tesla. They have made tons of progress and they have the culture and plans to continue to innovate. None of the old car companies can attract the talent the way Tesla does. They only need to capture the market on one of their big bets to be a runaway tech stock like FAANG.
They've got electric cars, batteries(Powerwall), Solar roofs, cross country supercharger stations, and full self driving. Any one of these things could fuel a company by itself.
The most talented young people all want to work for Tesla. They have made tons of progress and they have the culture and plans to continue to innovate. None of the old car companies can attract the talent the way Tesla does. They only need to capture the market on one of their big bets to be a runaway tech stock like FAANG.
They've got electric cars, batteries(Powerwall), Solar roofs, cross country supercharger stations, and full self driving. Any one of these things could fuel a company by itself.