This past quarter Tesla posted a YoY revenue growth of 10x. (13 Billion). If other car companies were growing revenue 10x per year then maybe they would be worth more. The big 3 have sat back for years and collected profits and instead of reinvesting them and growing their business they have sat back and built their execs a huge bank account. So you can hate on Telsa all you want but it was time for someone to come in and challenge the status quo.
I sincerely hope this shakes the car industry up, I hope we get better products and lower prices, and I hope they quit crying about Tesla and build something that blows Tesla out of the water, instead of doing a "me too" EV.
So far I see none of them being innovative, and changing their old tired ways.
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