Tesla was iterating and innovating way faster on the SW and HW front with less R&D resources, than the stablished German or Japanese players. By that metric, th

Tesla was iterating and innovating way faster on the SW and HW front with less R&D resources, than the stablished German or Japanese players. By that metric, they were significantly more productive. Stock market is a gambling game that has little to do with actual productivity, it's about convincing other fools to pay more for the stock than you did so that you can make a profit and leave them holding the bag.