Amzn was given a free check from Wall Street for 2 decades to raise unlimited money by selling stock while they build their infrastructure.They were losing money yr after yr as they undercut all others prices while Wall Street floated them . Looks like Tsla in same boat now
Wasn't Amzn $5 back then ? Someone will drop a bomb : ,,Yeah, but TSLA is almost the same because the inflation'' (one of those ,,BTC to $1 Mil'' believers) Free monies everywhere, too much capital, record numbers of new billionaires, stuff tends to get overbought/overpaid.(?)
Difference with Tesla is they got to profitability much faster. And didn't need a side business to do it, ala AWS.
Yup just needed his former Wall Street buddies to keep ponying up .... and time for it all to play out.
The investors in Amazon believed that's it fast growth strategy and aggressive pricing was a good strategy and the investors were richly rewarded. Similarly, Tesla is trying a low margin, fast growth strategy which investors believe might pay off. The more conservative strategies of legacy automakers might be produce more profits in the short-run, but lead to less profits in the long-run.