What has caused the recent (past two years) spike in Tesla? I understand they've improved production and steadily increased earnings. But does that really justify the price? To compare with another company, in their last annual reports
– Ford reported 17.9B in net income. Their current valuation is 62.16B.
– Tesla reported 5.6B in net income. Their current valuation is 1.01T.
Ford is trading at 3.5x earnings. Tesla is trading at 180x earnings. Why?
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