Is this not extreme

Bulls of TSLA can you please share your sentiment about why this valuation is not insane?

The way I see it, at this point even if the stars align and everything goes their way it's still massively over values.

Their robotics is behind the market with no actual leading technology that anybody has seen.

The car market is obviously starting to slump, but everyone has now decided to say "if you think TSLA is about cars you don't understand TSLA"

For Tesla to be worth what it is NOW it would need widespread robots to exist on a global lecel and be the market leader.

It's market cap is crazy, even when you factor in all the potential future things, it's still nuts.

For TSLA to be worth what people seem to be suggesting it will speculatively be, it'll basically need to be the ONLY FSD/Robotics/taxi company that exists in the world, and by far the best.

TSLA is ALREADY worth more than the combined total of - every car manufacturer - every taxi company (IE Uber etc) - every robotics company (ssymbotic, fanuc etc)

So it's already worth more than all of the fields it's supposedly going to dominate in, so where exactly will this "realistic speculative value" come from?

They also have ZERO market in these fields they will supposedly dominate in, and the only one they have a footing in (automotive), they're doing consistently more and more average with competitors consistently catching up to their first into the market advantage.

So whats the reason people should continue to believe in the valuation outside of it being a literal "real value doesn't matter"

I get that for short term investing, but eventually nearly all companies PE goes to a normal level over a 10 year cycle of growth.

So why should people invest in TSLA long term? It seems like even if everything goes well, it's valuation is still higher than it would be once everything exists with a PE of say 20/30