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In fairness to the quoted comment, its creating a story to tell investors. If I come to you asking for $1 billion in funding. I don't tell you about the boring
by benj111 8y ago
In fairness to the quoted comment, its creating a story to tell investors.
If I come to you asking for $1 billion in funding. I don't tell you about the boring, low growth, probable outcome. I tell you about the exciting, new, unexplored potential market just waiting to be tapped.
But no, self driving taxis aren't just around the corner.
- hef19898 8y agoThis may work for start-ups. Tesla is way beyond that point now, so the story counts less then hard numbers.
- benj111 8y agoLooking at Tesla's valuation, it isn't valued like a 'normal' car company though. Its valued like a growth stock. Whether it works? I don't know, the stock rose on the news which would suggest some people are convinced.