Abstract

What does contribute to the tremendous valuation of electric vehicles (EVs) producers? Two prominent and representative EV producers, Tesla, and Nio are carefully examined and evaluated in this case study. The significant valuation growth of EV producers can be attributed to a range of factors, including industry growth expectations and unrelated to the growth in R&D expenses and the volatility of Google Search volume. Using multiple valuation methods, I conclude that EV producers are currently overvalued.

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