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Tesla Just Hit Its Most Critical Milestone
It’s not about how many cars it makes
No other stock has divided opinion quite like Tesla (NASDAQ: TSLA). It is amazing to hear how adamant investors are about the company’s future, and how dichotomous their predictions are.
By its own lofty standards, Tesla has completely failed to live up to its original vision. Yet the market has stuck with the stock like nothing else, forgiving its shortcomings and giving a free pass to its founder Elon Musk, who despite multiple setbacks has kept pushing into all manner of new ventures. Maybe the market doesn’t believe Musk is a genius, but it believes in his ability to grind forward. If anyone else was at the helm, investors would have lost patience years ago.
The Tesla story is fascinating and if nothing else isatisfies a fundamental psychological need of the market right now: the need for a strong vision, a belief in something, and the sheer bloody-mindedness to carry it through. In a world where companies are looking for ways to make quick money through automation, Tesla has won permission from shareholders to keep dreaming big and focus on the future, even if does not arrive as quickly as we would like.
There are still many investors betting against Tesla’s current valuation, which is certainly difficult to stomach for anyone…
