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Joined 1 year ago
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Cake day: June 19th, 2023

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  • I think the YoY comparison is misleading as their EV production was not in full swing last Feb, and now they are probably just filling inventory before they pause production to shift to more of a hybrid mix. It’s the same kind of YoY comparison that led to crazy Tesla valuations as they increased volume rapidly to meet demand. The huge increase is not indicative of a long term trend, since it’s unlikely demand was increasing at the same rate as production.

    A more meaningful comparison would be to the average of the last N months (pick N to avoid seasonality).