Tesla has a market cap twice what Toyota does. They have a P/E ratio over 60, vs about 7 for Toyota. Clearly the market thinks Tesla's future is not as a car

Tesla has a market cap twice what Toyota does. They have a P/E ratio over 60, vs about 7 for Toyota. Clearly the market thinks Tesla's future is not as a car company, because compared to literally every other car manufacturer they are wildly overvalued. My personal opinion is that TSLA has only one direction to go for a while. Down. Nothing about the business supports the market optimism. Not that I'm going to run out and short the stock, mind you, that old adage about how long the market can stay irrational seems very on point in this case.