Elon Musk's impact on the automotive industry consistently ignites passionate responses among executives during classroom discussions. His company, Tesla, has dramatically transformed from a niche startup to the world's most valuable automaker, with a market cap nearing $1 trillion as of late 2023. Despite facing challenges, including slipping behind China's BYD in EV sales, Tesla maintains an astounding valuation, commanding over 50% of the sector's market value, with investors paying a premium compared to traditional manufacturers like Mercedes-Benz.
This wasn't a case study discussion-it was a cage match.
Tesla commands over 50 percent of the sector's market value.
Investors were paying nearly 12 times more per revenue dollar for Tesla than for Mercedes-Benz.
Few things provoke more fury than Tesla's rise-a scrappy startup that morphed into the world's most valuable automaker in under two decades.
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