Good points; I wonder what the investment banks saw. Certainly Tesla depends on government laws, regulations and policy, especially as a new entrant seeking wid

Good points; I wonder what the investment banks saw. Certainly Tesla depends on government laws, regulations and policy, especially as a new entrant seeking widespread changes in several regulated industries. For example, they want electric charging stations spread nationwide, they'd probably like fossil fuels to become more expensive or at least become less subsidized, subsidies for electric cars, regulators to not delay or limit Tesla innovations, etc. etc. Also, government does R&D on battery tech, I'm pretty sure. Does anyone know how much Tesla directly or indirectly benefits? Finally, they may want to sell to government; fleets of large organizations often are good customers for alternative fuels, because (AFAIK) they can provide and support their own infrastructure. But that is speculative (as is investing!).