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If Apple is truly entering the car market, then Tesla’s valuation is validated by an attachment to this confidence on growth from a player like Apple. It will
by runawaybottle 6y ago
If Apple is truly entering the car market, then Tesla’s valuation is validated by an attachment to this confidence on growth from a player like Apple.
It will only come back down to reality after Apple hits the market and we see the true competitive numbers across the car makers (or until Toyota goes harder at EV), but until then, it’s a future-minded investment into a sector where we are expecting stronger players.
It would be the same as being 10x bullish on cellphones years in advance with the belief that smartphone companies will validate the market beyond our wildest imaginations.