Comment by tensor

> BYD is valued as an auto manufacturer. Tesla is not.

This in no way addresses the accusation that Teslas valuation is built on nothing. BYD also has self driving software. So what exactly does Tesla have that is not cars and batteries?

The ludicrous humanoid robots with dubious use cases? That’s not it either because the stock was absurdly high before that was a thing.

I have never seen a better example of how arbitrary and irrational markets are than Teslas valuation.