Tesla Lost $700 Million Last Year, So Why Is Tesla’s Valuation $60 Billion?
Steve Blank
JUNE 14, 2017
They were both transportation, and they looked vaguely similar, with the only apparent difference that one was moved by horses attached to the front while the other had an unreliable and very noisy internal combustion engine. Companies with business models built around internal combustion engines disrupted those built around horses.
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