im amazed how every articles and comments were buy buy buy when it was running from 100 to 160 lol and now it's all sell sell sell whereas they met expectations. Where were the ppl during the bull run to say to sell, it was overvalued back then already so where were you haha
yea it is overpriced but I mean that earnings have grown like crazy this year and not 50% lower. look on yahoo finance: 2018 3.05B, 2019 4.14B, 2020 2.8B 2021 8.2B (calculated). So the eps being lower here is just because it is not updated after split.100 P/E is crazy unless they keep growing earnings that fast. Obviously, 100% growth in earnings reveals how they overprice their product & explains why their graphic cards hardly affordable nowadays lol
Lucid is really late in the game, by next year every car manufacturer will have a competitive EV & some already do. Tesla created a whole network and brand known worldwide by being the first to take EV seriously, that's why they have a chance to be a vehicle manufacturer leader. Lucid has however little chance to justify this valuation ever.