Tesla may have "changed the world," but that doesn't mean it will retain dominance. Tesla has always been a bet that a tech company can learn to make cars fast

Tesla may have "changed the world," but that doesn't mean it will retain dominance. Tesla has always been a bet that a tech company can learn to make cars faster than car companies can learn to make tech. Moves like VW's push the latter aggressively, while Tesla is taking longer to scale its car production, giving credence to the idea that the electric car the average person drives twenty years from now will not be a Tesla. And if that's the case, can Tesla justify its corporate valuation? Comparing Tesla's stock to other automakers, the markets have priced in an expectation of rapid earnings growth; the stock will plummet if those expectations can't be met.