$Tesla (TSLA.US)$ $Amazon (AMZN.US)$ Imo anyone trying to justify the current valuation with car sales projections is crazy. They won't retain market share because of competition, and yes there will be harsh competition in EV. This is obvious.
Tesla has two things that could justify this price:
1.vertical integration (or whatever it's called). Basically what Amazon does, but with cars. So once you scale you start to produce your own parts (e.g. batteries) cutting out intermediaries.
2.Side businesses. Battery packs, solar roofs and this kind of stuff. Basically they expand their competences in other somewhat related fields. I wouldn't be surprised seeing them into domotic systems soon in the future. To all this you can add the subscription services for the car, which basically will be like "pay every month for updates and cool stuff, otherwise use the basic system which will suck the more your car age" (My personal prediction)
So I believe these are all great things and there is a lot of potential. However I don't like the price from a risk perspective. Give me whatever performance prediction you want, 300 P/E is too much for me even under the most optimistic assumptions. I would honestly have problems at 100 P/E.
This said, I hope they will succeed in everything (including that humanoid robot) and everyone holding it in their portfolio will make a shit ton of money.

$UP Fintech (TIGR.US)$ dip until my next pay please I want buy more hahaha