Business Insider120 years later, innovation has given way to consolidation: the automobile, the airplane, and stuff like nuclear power and computers are valued as legacy investments.
General Motors, for example, has seen its shares decline 30% since the beginning of 2020. But the carmaker has actually turned in better-than-expected sales, thanks to the durable popularity of big pickup trucks. Numerous bulls argue that Tesla is, in fact, an innovative tech firm — a new Apple — that merits a Silicon Valley valuation. Bears counter that Tesla is, at base, a car company and should, someday, be valued accordingly.
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You never seen before a giant wall street bubble
TESLAFRAUD
All far too complicated. Tesla is making a new car that is made and sold in a way that throws away a century of baggage in manufacturing and sales. The Model 3 is a computer and a battery with a car round it. It is a transformative experience to drive compared to a ICE car.
Trying to get them tax breaks.
Hate comments 😅
Maybe they should first think about building reliable cars that don’t break down a lot?
HA HA HA HA HA HA 'rapidly building up a new industry' 1) Tesla hasn't grown revenue since Q4 2018- that's SEVEN quarters ago. 2) Last I checked, $TSLA made CARS (and poorly, at that). You know: tires, brakes, steering wheels, suspensions, interiors, exteriors, blah, blah, blah
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