There are plenty of S&P 500 companies with very low valuations. I'm not saying Tesla is going belly up, or that they're a fraud, or that their product is stupid

There are plenty of S&P 500 companies with very low valuations. I'm not saying Tesla is going belly up, or that they're a fraud, or that their product is stupid. Only that a manufacturing company trading at 30x sales in a CapEx heavy cutthroat industry is historically impossible to sustain for decades.