There's also significant difference in debt levels across the auto industry which also influences valuation. https://mobile.twitter.com/jpr007/status/1405525073

There's also significant difference in debt levels across the auto industry which also influences valuation. https://mobile.twitter.com/jpr007/status/1405525073218314248/photo/1 https://mobile.twitter.com/jpr007/status/1405525073218314248... With 50% CAGR the PE ratio does not seem so crazy, if growth were to stop, then yes it is crazy.