Most people are not very good at looking into the future. People are may be making rational decisions off of poor estimations (both up and down).

I agree with your statement, but maybe it's more accurate to say its speculation/hype about future return on investment. I think the real question (for me at least) is whether that return on investment is in share price increase (like Amazon) or in dividends and the value of assets (like the majority of other public companies).

India and China have to go full electric or global warming will be insane.

You're talking 3 billion people that all want cars.