Valuation is forward looking and taking into account future growth as well with gigafactories coming online. Plenty of people had the same valuation argument an

Valuation is forward looking and taking into account future growth as well with gigafactories coming online. Plenty of people had the same valuation argument and comparing sales vs other automakers 2 years ago but look where the company and valuations are now Ford is also years behind in battery and fsd tech. That being said, they need to match / best expectations handily to retain these valuations