Part 8/13:
He emphasized that Tesla's scale and resourcefulness set a high barrier for newer entrants, which must sell vehicles at substantial losses to compete—a strategy that is unsustainable in the long term.
Broader Industry Trends and Tesla’s Market Position
Ives remarked that Tesla's current valuation—approaching a market cap nearly three times Toyota's—may seem extraordinary, but it is justified by the demand for Tesla's products and its disruptive position. He emphasized that investors have moved from extreme pessimism in January, when some predicted Tesla stock would drop to $20, to today’s bullish outlook.