A Harvard and MIT professor explains how Tesla went from a laughing stock on Wall Street to become the most valuable car company in the world
The cult of Tesla takes hold in 2020
"The rise in stock price and the fact that Tesla is worth more than Fiat Chrysler, General Motors and Ford combined — is worth more than Volkswagen and Toyota — has nothing to do with reality," Bob Lutz, who served as executive vice president at Ford, vice chairman at Chrysler, and vice chairman of General Motors, said in anRobert Bacarella, a vice president and portfolio manager for the growth-oriented investment firm Monetta Financial...
Lately, Tesla appears to be enjoying a tailwind from a pandemic-fueled day-trading trend that has many amateur investors piling into the stock.
The key software-inspired innovations Shipley cited were how the company takes an incremental approach to its product design, its direct-to-customer sales and service strategy, and its increasingly vertical integration of battery technology and other core components.
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