Comment by dlisboa
> Tesla also cannot justify valuations based on automotive sales/subscriptions alone - they were always going to have to pivot.
Their valuation was never justified by that. They always sold a fraction of what other companies do.
> Tesla also cannot justify valuations based on automotive sales/subscriptions alone - they were always going to have to pivot.
Their valuation was never justified by that. They always sold a fraction of what other companies do.
But at one time they sold the majority in what many saw as a disruptive new replacement for what those other companies did.
They were poised like Apple which sold relatively few iPhones in the first few years compared to the other companies, all of which are gone now. But Tesla squandered that advantage.