DandomRude@lemmy.worldtopolitics @lemmy.world•Ford and Musk. They made cars. They backed fascists.English
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11 days agoThe difference, however, is that Ford actually sold a lot of cars. Musk is essentially being paid for the assumption that he will sell a lot of cars. At some point, maybe…
That’s what I’m getting at: on the stock market today, it hardly matters whether a business model is actually successful or not - or even whether there is a realistic possibility of success. Tesla is certainly a company with sustainable technology. But does that justify Tesla being worth more than the 5 largest car manufacturers combined, each of which sells way more cars per year than Tesla? Especially in view of the considerable competition in the EV market.