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Kandi sells go-karts and mediocre "fuel-efficient" golf carts to foreign customers. They have a tangible book value of $1 per share folks....Kandi would have to grow its sales 80% annually for the stock to be fairly valued.
Once again, in case you missed it. Go-karts and golf carts.
One other issue to consider. Real companies don't depend on government welfare to grow their business. Any business that is dependant on subsidies and tax breaks is no longer an ongoing concern once they stop receiving them. Stocks that are priced at multiplies of earnings should have reliable expectations of perpetual revenue streams and this business does not qualify.
All the major oil companies are still receiving tax breaks.......(in the US) so your logic might be a little off here....your right for the wrong reason.
The major oil companies would still make a profit and be able to find buyers for its product without those tax breaks. The comparison is not valid.
Would they still make a profit if they ponied up the trillions of $$$ in military spending to do things like keep the straight of Hormuz open for oil tankers? I believe that the trillions of $$ in military spending were necessary in order to protect energy reserves and win the cold war, but no longer.