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A comment on Tesla Market Cap falls below $500B. Parent comment
The market looks to the future. A company with 95% earnings growth deserves much higher P/E than a company with 16% earnings growth.
Tesla and BYD are clearly dominant players in a rapidly growing EV market.
Toyota is a laggard among other laggards. With a single EV only introduced for sale this year they are behind pretty much everyone.
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The market looks to the future. A company with 95% earnings growth deserves much higher P/E than a company with 16% earnings growth.
Tesla and BYD are clearly dominant players in a rapidly growing EV market.
Toyota is a laggard among other laggards. With a single EV only introduced for sale this year they are behind pretty much everyone.