There is a long-running debate about whether Tesla is a car or a technology company. For a while this was largely an academic question related to future potential and therefore valuation. But now Elon Musk’s baby has reached a crunch point and the search for an answer has become existential.
There are no prizes for guessing which side Musk comes down on. “If you value Tesla just as an auto company, you fundamentally have the wrong framework,” he said last week. “If someone doesn’t believe Tesla is going to solve autonomy, they should not be an investor in the company.”
