that is true, it's also true that these stocks are in air bubble mode, remember everything has value, and this stock is full of momo air that is deflating now, 15 is where it sould be at most, and that is rich valuation.
All pops is shorting opportunity and should be sold, till at least 30 where it will rest and finally will fall to 15 range or lower in 6-12 month
SCTY has just started . This is a cash machine that will have the security like a utility and the growth of an ebay . Elon Musk is not selling he is buying .... He is years ahead in his thinking . I would not bet against him
And the genius Musk tried to warn you two weeks ago when he pointed out the TSLA was insanely overvalued. You should have listened to him. Musk knows that he can't raise cash when stocks are unreasonably priced.