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The only justification for this valuation is the EV bubble. People are desperately looking for Tesla-like gains and they'll sink money into anything that'll get
by sakopov 5y ago
The only justification for this valuation is the EV bubble. People are desperately looking for Tesla-like gains and they'll sink money into anything that'll get them there, so companies are using the opportunity to IPO at insane valuations. There is no other sane justification for this insane valuation for an auto-maker that makes 2 cars a day.