The cult of Tesla takes hold in 2020
"The rise in stock price and the fact that Tesla is worth more than Fiat Chrysler, General Motors and Ford combined — is worth more than Volkswagen and Toyota — has nothing to do with reality," Bob Lutz, who served as executive vice president at Ford, vice chairman at Chrysler, and vice chairman of General Motors, said in anRobert Bacarella, a vice president and portfolio manager for the growth-oriented investment firm Monetta Financial...
Lately, Tesla appears to be enjoying a tailwind from a pandemic-fueled day-trading trend that has many amateur investors piling into the stock.
The key software-inspired innovations Shipley cited were how the company takes an incremental approach to its product design, its direct-to-customer sales and service strategy, and its increasingly vertical integration of battery technology and other core components.
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