NOOOOO don’t look at P/E ratios (the auto sector has always had extraordinarily low P/E ratios) you have to look at relative PEG ratios!

At least that was the copium years ago. Now that their sales growth has petered out globally (even before all of the President Musk backlash) and China has free-money’d their way to a technological advantage for EVs I don’t even understand it anymore. The other automakers are either caught up or rapidly approaching and the thing I’ve been saying for years (PHEVs are superior to BEVs for most people) is being proven true.

Before I called it hysteria and FOMO and blind optimism but now I just don’t get it.