the market is never wrong? So TSLA should have a PE ratio of...

the market is never wrong? So TSLA should have a PE ratio of 10,000 even though a2m has a stronger financial position?

the idea that the market is never wrong is absurd. it is this fact that the market is often very wrong where intelligent investors are able to obtain a strong ROI. The market lacks the ability to differentiate between short and long term. in the case of Tesla, it believes that EV will dominate in only a few years when in reality this is still decades away. in the case of a2m, the market believes that our problems will par for years and even perhaps for ever. but in reality it doesn't take much research to know that our problems are only short term issues