"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."
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.
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