You know the trucks you make suck when you’d rather be considered as a company that currently makes nothing at all.
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It’s already valued like a software company. In software the marginal cost for a piece of software is near zero. Even if it took a billion dollars to write, shipping one more copy costs almost nothing. So getting in early, getting a headstart on the market give you a huge advantage over other companies that have to develop competing software. Drugs are like that to a lesser extant. If somebody threatens to enter the market with a competing drug, you can quickly lower the price to below what it would cost them to get approvals and a production line in place.
This is MUCH less true of cars. Each car involves a considerable expense in parts, raw materials, and labor. Other manufacturers already have factories and employees that can produce and sell cars reasonably efficiently. To sell electric cars, they just need to change the drive-train. That’s not trivial, but it is NOT the same as starting from scratch.
It looks like investors are just starting to figure that the day of reckoning is coming. The day when the company has to actually operate profitably over the long term to justify the stock price. Because the current stock price can only be justified if you think that Tesla will continue to grow to the point that it displaces to a large degree the current automakers.
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Musk’s net worth is about $250bn. A person making mininum wage would take almost 16 million years to earn that much.
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You can buy a lot of red baseball caps for $47Bn
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Right now, the EV industry is doing well, if you leave out Tesla.
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Rundown of what we have achieved since 2018 – under Elon Musk’s leadership.
Then maybe the money should be split amongst the employees and shareholders. Unless that’s the royal “we”, which is very possible.
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Unfortunately, he is, and he’s making the rest of us look bad. 
And hopefully, whatever jail cell Trump winds up in. /snark
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… still not clear on the bit about how “shareholders” can overrule a judge
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What a bunch of suckers.
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The shareholders still have ultimate control, but in the first vote, the proxy statement used misleading language, so it was thrown out pending a new vote.
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