Companies are valued based on what people think they will do in the future. And many people think Tesla will cause a revolution in the car industry developing t

Companies are valued based on what people think they will do in the future. And many people think Tesla will cause a revolution in the car industry developing the technology to eliminate combustion engine vehicles from the roads. As they mentioned today, if they achieve what they're aiming for in the next ~3 years, electric vehicles will be cheaper in total cost of ownership than combustion engine vehicles.