Originally Posted by
Godfather
I agree on the tech, I have a friend or two with Tesla's and they love them, neat vehicles and as a daily commuter they seem solid.
I'm more just talking about these EV stocks though. The valuations are insane. Tesla profoundly overvalued, their price to sales ratio is something like 13.5x. Toyota, GM and BWM are all under 0.75. Maybe, as they claim, they shouldn't be compared to other auto companies and should be compared to techs like Zoom and NVIDIA where those numbers make more sense, but I don't really see why.
Nikola stock and Nio also both look overvalued, as does a local company in Vancouver people are hyped about, ticker $SOLO.
I think a reality check must be coming to EV stocks, they're just sexy with idiots trading on Robinhood right now.