Joby Aviation, which plans to start an electrical air taxi service in 2024, is price greater than Lufthansa , EasyJet or JetBlue . Does that appear proper? In this market, why not? Heck, earlier this 12 months, Tesla was price greater than the following 9 automobile producers mixed, although now solely the following six. Beyond Meat, made with pea protein, is price greater than the whole marketplace for peas eaten globally—just like the bumper sticker says: Imagine whirled peas. Do fundamentals even matter?
I can go on. Used-car gross sales platform Carvana is price greater than Volvo, Honda, Ford or Hyundai. Airbnb is price greater than Marriott and Hilton mixed. Crypto-exchange Coinbase is price greater than the Nasdaq. I stay on the intersection of innovation and disruption, however when corporations are price greater than any potential actuality, be careful.