> For example, Tesla sold 300k cars last year - ford alone sold something like 6 million. Tesla have to compete with the entire world's car industry including c

> For example, Tesla sold 300k cars last year - ford alone sold something like 6 million. Tesla have to compete with the entire world's car industry including companies that have much more experience selling cars at that scale. Is it impossible, no, is it unlikely yes - Tesla will grow from now but I just can't see that P/E turning into cold hard cash. Tesla sold 367,500 vehicles last year, Ford sold about 5,387,000. In other words, Ford sold almost 15 times as many cars as Tesla in 2019, which is a significant difference in scale. Fast forward to Q3 this year. Ford sold 551,796 vehicles (sales down significantly due to the pandemic). Tesla sold 139,300 (sales up significantly despite the pandemic). They are now just a factor of four apart. And that's just vehicles; Tesla is really an energy company, don't forget. The battery and solar parts of their business are just getting started. The P/E is extreme, but given how well Tesla is executing, and how steep their growth trajectory is, perhaps it's not so crazy after all...