The idea that TSLA's valuation should be modeled in the same was as Ford, GM, et al is so preposterous that I have trouble comprehending how someone can make th

The idea that TSLA's valuation should be modeled in the same was as Ford, GM, et al is so preposterous that I have trouble comprehending how someone can make the point in an honest fashion. I think TSLA is richly valued and I would not buy it now (nor do I own shares), but saying it should have a similar P/S or EV/FCF to F is like saying that VMWare is overvalued by virtue of it having a higher valuation than HP.