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They make a profit on every vehicle they sell, unlike Ford and GM who lose money on each EV.

I do hope Tesla is successful, because, I do like Musk. We need his success because we need his voice in helping America succeed against democrats.

But, reality is that, the EV market is small and fading, and we have far too many in the auto industry in denial about that reality.

BTW, why is Tesla valued at many times the value of GM or Ford or many other car-makers? The ICE car makers sell many times what Tesla sells, and TEsla will never sell more than the other car makers. A high stock valuation will not sell more Teslas.

BTW, why is Tesla valued at many times the value of GM or Ford or many other car-makers? The ICE car makers sell many times what Tesla sells, and TEsla will never sell more than the other car makers.

Good question, but answers are all over the map. Why is META (Facebook) going for over $500/share? META was going for $119/share in early 2023 and shot up to $500/share one year later (kicking myself for not buying while watching). One answer has to do with AI and supercomputing. Well, Tesla is also heavily involved in AI and supercomputing, having AI resources that are more powerful than Facebook.

The key here, is that Tesla is not a car company. They are a technology company, and their strength lies in AI and supercomputing. Their electricity utility division and AI/robotics division are poised to overtake their car profits in the near future (a year or so).