> That valuation represents a bet on Tesla's ability to extract ever-higher rents from its customers. No, it's probably a bet on other things, like future prof

> That valuation represents a bet on Tesla's ability to extract ever-higher rents from its customers. No, it's probably a bet on other things, like future profitability from selling more cars. The essay's argument was a little thin for me, even though I generally agree with it. But, I thought the site's shrink-wrap waiver was pretty funny.