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EV Bubble

Rivians IPO really opened my eyes to the bubble that is the EV market.

Let's think logically: How can general motors stock be 90b and Tesla's stock be 1T.

Let's say they eventually sell as many cars as Toyota (400b Market cap), their current valuation is still 2x this, and they aren't even close to Toyota's production level and probably won't be for the next 5+ years.

Toyota's production for 2021: 10 million cars Tesla's production for 202: 240'000

That means Toyota produced 41x more cars this year.

So my questions: If you were me would you dump Tesla stock.

submitted by /u/whitesweatshirt
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