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Tesla’s market cap was $60B just two years ago, before model 3 production really ramped up, and the crazy stock bubble began. By that point, it’s first product
by ricardobeat 5y ago
Tesla’s market cap was $60B just two years ago, before model 3 production really ramped up, and the crazy stock bubble began.
By that point, it’s first production car was a decade old, and the company was on the verge of hitting 1 million vehicles produced (March 2020). So yeah, $80B for a competitor in the pre-production stage seems quite steep.
- postingawayonhn 5y agoTesla's market cap was not tied to the number of cars it was shipping at any specific point but rather how much confidence investors had in their ability to execute on their plans and scale up in the future. When you look at Rivain's team + product + funding I think it's not unreasonable to have a high level of confidence in their ability to execute.