Tesla Lost $700 Million Last Year, So Why Is Tesla’s Valuation $60 Billion?
Steve Blank
JUNE 14, 2017
What explains this more than 1,000 to 1 discrepancy in valuation? First, car companies have over a century of expertise in designing and building efficient mechanical propulsion systems – internal combustion engines for motive power and transmissions to drive the wheels. Automobile manufacturers shipped 88 million cars in 2016.
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