[Craig T]

Originally Posted by motion

So much hate. A brilliant innovator comes along and unseats decades of automobile stagnation (we all know what special interest groups, unions, etc have done to squash innovation), and everyone wants to hate. I, for one, welcome paradigm shifts in an industry... especially one that affects all of us. Once energy production starts to shift significantly away from fossil fuels (and it will), all of you will view Musk as the genius that he is. In pretty much his first attempt, he created something far, far superior to what any other large company in history was able to produce. That fact alone is pretty amazing to me.

I agree with everything you said, with one caveat. The Tesla is as amazing as his reusable rocket that lands back on the barge. He's a genius for sure. ...But Tesla's #2 ranking is based on market capitalization only, not earnings, not production numbers, just wild stock market speculation. If Musk gets the infrastructure in place nationally to charge anywhere, and he can deal with the eventual push-back from state tax collectors (Tesla owners don't buy gas and therefor do not pay the gasoline taxes that maintain roads and bridges. It's already hitting the radar screen in Sacramento), and Tesla can turn several profitable quarters in a row without government subsidies, then this wild valuation will catch up with itself. Right now?...Irrational exuberance.