That all depends on how you look at Tesla. If you look at it as strictly a car company, then you can be shocked at the high valuation. They are a technology company, selling cars is a sideline for Musk. Indeed, he has stated wishes to not sell cars in the future, but to push his autonomous robotaxi venture. Where he will be making money is with his Semi truck sales to fleet buyers. Tesla is patenting a lot of technology that other car makers will be licensing from Tesla. They also are ahead in battery development, A.I. and robotics, worldwide satellite internet (StarLink which if spun off will make a splash with it's IPO). The stock is expected to soar anywhere from 6,000 to 16,000 dollars a share equivalent in the next 5 to 10 years (pre-split value, they're splitting 5 for 1 this week). They have over 3/4 million pre-orders just for their trucks, waiting for completion of the Austin Gigafactory to build the trucks. So they're not going bust anytime soon. They don't make a lot of vehicles now, but they're profitable and growing, unlike American carmakers which are shrinking in sales and losing money.
“Where he will be making money is with his Semi truck sales to fleet buyers”.
You’re joking. Right? There is no battery that can compete with a diesel engine. Period. There isn’t a long haul fleet trucking company on earth that will trade their diesel fleet for a battery-powered tractor.
You might get some Virtue Signalling short-haul trucking companies whose owner is a New Green Deal sort to take such a chance. But, there aren’t many of those around.
Starlink? I agree. This is a sure thing due to the demand for the internet in remote areas where the cable isn’t justified or, where the cable isn’t even feasible.
Robotaxi’s? LOL. The only way those will ever be feasible is if you make all vehicles autonomous. As long as humans are allowed behind the wheel of vehicles our total unpredictability makes any advantage of Robo-Vehicles mute. No computer program is capable of dealing with the complete unpredictable behavour of humans.