> valued at something approaching its actual value
And you know what that is? I hope you are a billionaire. Please tell us what it is and how you calculated that.
Please review the HN guidelines on snarky low effort comments.
If you value billionaires and their assessment of reasonably calculated P/E you might want to consider Buffets assessment to close almost the entire BYD position at a P/E of 50.
And Tesla despite its growth numbers:
> P/E ratio as of December 2022 (TTM): 38.2
Also analysis on P/E is very flawed in general and even more so with growing companies.
Implying that your opinions are only valid if you're a billionaire, and that all billionaires have valid opinions?