A New Bubble In Story Stocks?

The recent 800% increase in the price of Tesla and doubling of the DoorDash and Airbnb IPOs certainly seem very bubbly. DoorDash currently makes no profit and Tesla mainly through carbon tax credits. While these may have disrupted some industries, their valuations are priced as though they’re going to take over some industries completely. The below table shows the market competitors whose total market cap is still less than each of the “disruptors”.