they will, first e-cars from premium brands are just always behind. just take a look at what they have brought up to the marked till now, and what they plan for the next 2-3 years. They are FAR behind in software and data for autonomous driving. they just caught up with battery tec (so they offer a decent range now) but if you take a look what they have planned for end 2021, electric bmw 3 series with 500-600km range wltp. by that time tesla wants to bring their plaid model with their own new cell with 840+ km (on their high performance car). So for the time beeing I dont see anyone that is even close to surpass tesla
Formula 1 > Formule E tho
They look like they have a promising future, but I dont know how a PE ratio of 970 can be justified
Tesla has some competition, such as upcoming EV companies such as NIO, XPENG, and Li Auto. Tesla will be on top for a long time in the Energy industry but they will be faced with some competition from chinese companies.
Electric cars are all well and good but what happens when the grid gets turned off or fails?
tesla market cap is justified by a potential utter dominance of the EV market in 10-20 years, due to their early start, brand recognition and existing (proprietary) supercharger network. there is also autopilot technology, but various other companies (waymo (google), uber, GM supercruise, Honda (claims it will have first L3 autonomous car in Japan next year), Mercedes (claims it will have first L3 autonomous car in Europe), etc.) are not far behind. basically investors are hoping that as all ICE cars are converted to electric, a majority of them will be Teslas. then the stock price is justified. furthermore, they also have plans for various subscription services (for FSD, probably various other things like heated seats LMAO). basically Tesla will either plummet as the other manufacturers get in the game or skyrocket if it achieves true EV dominance in an EV dominated market.
Tesla is traded like an accessory more than it is actually traded as a stock. Nobody sane would take a geared bull position because it's literally a lottery ticket.
There's no sustainable business plan behind.
It's an amateur who should be in jail that's running the show.
People literally have 0 idea about what they're buying in 99/100 cases.
A P/E ratio of >250 should tell you all you need to know.