> It happened because the world rewards production.

The world rewards anticipated production - I find Tesla's P/E absurd.

Because it was (and to me still is) absurd.

At one point, Tesla was worth more than: Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi combined. (Plus several Chinese manufacturers: SAID, Geely, Changan, Dongfeng).

The hypothesis is Tesla becomes like Apple in cell phones vs all the other manufacturers. Apple may not have all the sales but it has most of the profits. Not saying that will happen with Tesla but it's a possibility.

Well, not exactly. It rewards current production, i.e. people buy Teslas, as well as future production, i.e. we think you can make us money based on your track record.

I should say more precisely that the world doesn't reward Tesla; it thinks it can get more out of Tesla than it gives it. Which is probably the least worst system.

Their PE is “only” 65 atm, which isn’t THAT crazy. At one point it was 1000 lol. It’s been falling since 2020 when they started being profitable.

Yes and bodies that reward growth over all else develop cancer.

Not everyone blindly rewards production at all costs.

I'm sorry, I've no idea how this relates to anything being said here.

I think it implies that Musk and or US society are cancerous. Quite a bold assertion but one that doesn't seem wrong on the face of it.

Of course it's wrong. Without specifics it's 100% wrong. With some very well-chosen parameters that percentage might drop slightly, but I can't see how.

There is a parallel between chasing growth at all costs biologically and financially. Both heuristics produce ugly results.

Just pointing out that rewarding growing things absent any sort of elegance or tact can result in oligarchs having too much undue influence just as cancerous growth in biology diverts too many resources toward undeserving cells that mismanage it.

We have to be aware of when things can go wrong to develop an appropriate immune response.

America jmp started it via incentives and Tesla happened to have the business model.

It didn't happen to have anything.