The headline and article are misleading in my opinion, by focusing so closely on comparisons with automakers and calling Tesla an automaker. Yes, Tesla makes au

The headline and article are misleading in my opinion, by focusing so closely on comparisons with automakers and calling Tesla an automaker. Yes, Tesla makes automobiles, but they dropped 'Motors' from their name a long time ago in indications that they are much more than cars. They're solar roofing, too. They're energy storage through batteries, too. They've recently expanded their product lines much past what 'other automakers' are doing. So I don't think it makes much sense to look at TSLA valuation and compared to 'other automakers'. 'Other automakers' are not run by Elon, either. Without injecting an opinion about Elon, he clearly does have a track record of finding new LOB in his startups that are not what the industry expects. I would by this point assume that is also priced in. If you calculate the expected value from the new market entrances and assume there will be more in the future, and also assume TSLA will become a major player in 2-3 global industries, the valuation may even start to feel low again. Disclaimer, I bought TSLA at $32 but sold at $150 and been out since. Oh well.