Tesla is tiny – so why is it worth $35 billion?

It’s still hard for me to understand Tesla’s market cap, currently $35B ($35,000,000,000). Sales of 11K units/quarter are still smaller than tiny (for an auto company). Of course if it achieves a 50% annual growth trajectory for 5 years, that would justify a huge value – but I have not read anything saying that they are able to scale manucturing at that rate. (Admission: I used to consistently say that Apple was over-valued. And I was consistently wrong.)

“Tesla said in a filing Thursday that it delivered 11,507 vehicles during the April-through-June period, a 52 percent increase compared with the same quarter a year ago.”

I also did not realize that Musk was not a founder of the company.  (1) Breakthrough Strategy and Innovation.

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