Tesla: No Paradigm Shifts, Yet.
(4 min read)
In light of the vertical rise in Tesla’s share price in the last few months, I thought it worthwhile to revisit an old narrative comparing the Apple’s iPhone moment with Tesla now. My verdict: I wouldn’t get sucked in by any ‘paradigm shift’ just yet. Though there are plenty of possible reasons and even more conspiracy theories, this share price spike is likely nothing other than mad short covering.
Having said that, Tesla might be worth this much – indeed maybe even more. But the story has to change: Tesla is not a car company, and it is not in the mobility business; instead, it is an energy storage company, and it is in the renewable energy business...
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