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I think their value went too high... But I think of them as an energy company. They sell the cars and the "gas stations" and the "oil wells" and all the retail spots.

They also do that without spend on advertising. Honestly, that's pretty impressive. Is it worth more than all other auto companies combined? Will it last?

No idea.

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That's even worse. I'm struggling to think of any large energy company that ever had a tech-ish P/E ratio. There was Enron, I suppose, but that was because it was a fraud, and wasn't _really_ an energy company anyway. As a general rule, the energy industry doesn't have huge margins.

Energy companies aren't worth much of anything, so even if you value Tesla as an energy company that still doesn't justify its valuation.

Tesla is basically in all the high capital with low margin businesses (cars, electricity, solar, batteries).

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