> later this year

One can hope that reality intrudes before the bubble gets even more dangerously inflated, but how many years has Tesla had a ridiculous P/E ratio. Even after growth stagnated and market leadership was lost in Asia and Europe. Number still goes up.

If anything though, this shows that at least tech driven hype bubbles can stay around way longer than we think if we are looking at it from a product POV.

This just means short sellers might have a hard time sinking a hype-category stock with reasoned research because the irrationality keeps it afloat.