There's this joke in China.
When was the Shanghai stock exchange at its highest?
Answer: in 1948 lmao.
More seriously, just look at market cap of Tesla versus all (yes all) Chinese car markers.
Does Tesla produce as many cars as all Chinese car markers?
Or is Tesla cars so good that they are worth like, 25 Chinese branded cars (including premium cars and brand like Li Auto, premium BYD brands etc.)?
