public companies have been running on the fumes of speculative value, or some hypothetical future value according to off-the-chart P/E ratios. this is nothing n

public companies have been running on the fumes of speculative value, or some hypothetical future value according to off-the-chart P/E ratios. this is nothing new for musk. he has been promising some future that always needs to look beyond what others can envision and promise. whether we want that future, or whether he can and he will get us there that is immaterial. as long as he is moving the "future evaluation carrot" away from the investors at a steady pace he will do it. from this point of view, his goal was never to be the best car company. it was never to serve the customers the best way possible, or have the best value. china has achieved all of that and a lot more so he needs to move the carrot again. that's it.