The company’s valuation of around $660 billion is close to the total size of the U.S. and European automotive markets, even though it’s only a “minor player” overall.
“So for me, I see this as a market dislocation, I see this as something avoiding analysis of the fundamentals and I think there’s room for many successful companies in the market. People are just assuming that Tesla has no competition when they put this kind of lofty valuation on the company,”
Rational thought has entered the chat