Amazon is similarly far overvalued in relation to profits. As they rarely show much of a profit (though cloud services are bringing a good deal in now), Apple has been criticized for years even as it has so often run out 5-10 billion dollar profits per quarter and holds well over $100 billion in cash in tax havens with no idea of what to do with it. They are looking for what they consider a growth company. Tesla with a risk taker as head of the company, who thinks in terms of entirely new industries and quantum leaps, seems to hold out that promise. It won't be long before almost everyone realizes that it is foolish not to have solar, that we are just throwing money away to the power companies. When they realize too that they could essentially have free power for their cars and houses, and that they can have an electric car with better performance than any gasoline-powered car on the market, and those cars are quasi-affordable, then obviously they will make a leap in profitability. But most important is really not whether the company does that; stocks, not counting profits given to shareholders, are just about predicting what other people will do with their money. If other people think something is valuable, it is valuable, regardless of what actually happens to the company in the future.