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Tesla is defined by its technology. Most importantly, it’s valued based on its technology.

>Most importantly, it’s valued based on its technology.

And other car companies are not? The modern internal combustion engine is a technological marvel, and getting better every year.

No. They are mature companies with conservative valuations.

Tesla has a bigger market cap than Ford, isn’t profitable and is always one deal alway from insolvency. The value is it’s tech and potential.

I'd assume that's true of pretty much any car company.