Tesla is like Apple in that it represents a revolution in thinking. Although everyone seems to focus on the electric power plant, that is really a small part of the Tesla revolution, and I’m convinced that if Musk were to launch an almost-identical company but with gas engines, it would cut through the market like a hot knife through butter. In terms of volume, the electric part isn’t as much a sales accelerant as it is an impediment. Although Tesla’s valuation exceeds GM and Ford at times, old-time car company executives believe it will fail.
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