Maybe but remember Tesla basically has no earnings and Apple has very strong earnings. Tesla is struggling against other EVs where there are no government subsidies. Yep. ARK made its name on Bitcoin. Her formula is from crypto - buy lots of tech shit, most of fails but 1 or 2 things are 100 baggers and are great for marketing.
That's why I said "Is it rational based on Tesla's current financials? No.". The market however will drive it higher. Saw a meme the other day about a fund manager firing one of his traders for using the F work. "We don't talk about Fundamentals around here!".
Priced in BTC, Tesla's are getting cheap, so expect Elon to disclose he owns BTC. As sure as death and taxes all these companies will crash but there's riches to be made if you time your exit perfect.
And then there was one large company with an infinitely larger PE defying gravity. After years and years looking like the big short.
Lots of production capacity coming on line. Model y being made in China now. Berlin factory going up fast after a slow start and Texas chugging along. They might have to do some advertising eventually. Can they sell or those cars.
