I value them at far higher than the market does. See? Not impossible. My valuation comes from intuiting that they will succeed and go on to selling 5M vehicles

I value them at far higher than the market does. See? Not impossible. My valuation comes from intuiting that they will succeed and go on to selling 5M vehicles a year, with industry leading margins because of the embedded software premiums and supply/demand imbalance. Also they have a decent probability at getting a large chunk of the TaaS economy which itself looks inevitable and worth trillions. But yeah, if you want to use 2017 P/E, good luck.