The goal of Tesla is to accelerate sustainable energy, so we're going to take a step back and think about what's most likely to achieve that goal.
Elon MuskRead
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The goal of Tesla is to accelerate sustainable energy, so we're going to take a step back and think about what's most likely to achieve that goal.
The enthusiasm for Tesla and other bubble-basket stocks is reminiscent of the March 2000 dot-com bubble. As was the case then, the bulls rejected conventional valuation methods for a handful of stocks that seemingly could only go up. While we don't know exactly when the bubble will pop, it eventually will.
Did Google know much about media? Or Amazon about commerce? Tesla about cars? SpaceX about rockets? EBay about classifieds? What did I know about computing when I started Sun Microsystems? We should celebrate these entrepreneurs, not pillory them for fighting entrenched incumbent industries that have political influence and money.
Obviously Tesla is about helping solve the consumption of energy in a sustainable manner but you need the production of energy in a sustainable manner.
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