GP's example of a p/e of 35 assumes that they turn around from losing $3.5bn/yr to making $2bn in profit per year _and not altering their valuation_. Not only

GP's example of a p/e of 35 assumes that they turn around from losing $3.5bn/yr to making $2bn in profit per year _and not altering their valuation_. Not only that, but, assumedly to do so, they would have to switch away from high-growth mode to profit-mode. That's no longer deserving of a "gonna take over the world" p/e.