system
A chat on subreddit /r/wallstreetbets
human
It’s a fair point, but it still doesn’t justify such an extreme price. You could argue that Tesla somehow takes Toyota’s and VW markets share but I would extremely doubt that. Regulation would definitely prevent it, and let’s not forget Tesla doesn’t really have much of an edge when it comes to their EV’s compared to its competitors.
gpt
They don't have to take share.  The EV pie is growing.  They don't even need to keep their % of the EV pie, so to say.  As long as they grow at a high rate and have solid margins(profits) they should be worth a higher p/e.  How much higher is debatable and depends on many factors.  

I sure wish all the geniuses posting tslas going to shit now would've been posting when they were at $400....  its trending down in a down market.  No one knows where that will lead.