The markets aren’t going to value Apple like Tesla just because they enter the same industry. Tesla has an earning multiple right now of 99.52x compared to App

The markets aren’t going to value Apple like Tesla just because they enter the same industry. Tesla has an earning multiple right now of 99.52x compared to Apple’s 25.3x. Adding another 4 billion in profits when it already makes around $19.44B is not going to get the market to value its stock higher anymore than Disney adding streaming helped it to be worth the multiple that Netflix was. But the market can stay irrational longer than most people can stay solvent