That would be a bit lower than Toyota's value. Toyota sold 10.5M vehicles last year. Tesla sold 930k. Yes, Tesla's growth is solid, but the valuation is because of the true believers. I avoid investing in anything Elon touches because valuations get weird.

> Tesla's growth is solid, but the valuation is because of the true believers

I'm really not what you'd call a believer in Tesla - although had my first ever ride in a one (a model 3) recently, quite an eye-opening experience.

It's not as thought Tesla is the only company where the current valuation doesn't appear to make much sense looking at the numbers...

> eye-opening experience

How so? I've had rides in Model S's before and it was totally... fine? What made the Model 3 experience so much better than a conventional car?

> I've had rides in Model S's before and it was totally... fine? What made the Model 3 experience so much better than a conventional car?

I didn't actually say "better", but it was certainly a novel experience since I'd never been in an EV of any kind! The lack of engine noise coupled with the acceleration, somewhat mind-blowing.

I'm not convinced that any current EV - never mind any Tesla - is yet a good fit for a family such as ours, but I look forward to the day when there is such a choice of vehicle.

Was a similar loan among the reasons why a Tesla "bankrupcy" a couple of years ago wasn't that unlikely? It seems that the 203 $ are a reasonable valuation.