Tesla doesn't actually make money from selling cars.Why has tesla gone fucking bonkers over the last year?
Is it a bubble, or are massive players banking on a future ban of petroleum cars, and they expect tesla to be the biggest dog in 20-30 years?
Edit: to put it into perspective...
Toyota=makes the most cars per year (10million/year). Is valued at 200billion and is down 5% overall for 2020.
Tesla=made 300K cars in 2019. Is valued at 500+ billion and is up 620% for the year. The pump has now made Elon musk worth 130 billion on paper
Tesla's money comes from selling the credits it gets from the government for building electric cars to other automakers to offset their emissions.