I know I'm stupid for asking, but there is just no rational path for to Tesla grow into a >300x p/e valuation right?
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famously you never see movie theater stocks do this either
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I think there's an argument to be made that we're seeing what would have been considered 'insane' multiples become commonplace (and furthering my idea that they just don't matter) Whole market isn't particularly reflective of reality, smidcaps are just less shockingly divergent
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