

Not that I’m a Tesla apologist, but keep in mind they are more than just a car company. Also in their portfolio:
- Solar panels
- Residential power storage (Powerwalls)
- Commercial/utility grade power storage (Megapacks)
- Vehicle insurance
- SuperCharger network
- Robotics
Granted, things like robotics are clearly mostly hype at this point, but they have sold & service Megapacks in countries including the US, Canada, and Australia. Their Supercharger network is also seen as a valuable asset given it’s really the only highly reliable nationwide one. Add to that the fact that it’s now an open standard that other EV companies are adopting, and non-Tesla EVs can now charge at many Supercharger stations, and the value of that asset can’t be understated.
I have no idea what the Tesla EV revenue is compared to all this other stuff, but it’s all likely helping boost the value one way or another…
If Elon can own 5+ companies then surely they can manage one!