RE: LeoThread 2025-12-20 19-10
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At no point in Tesla's history has there been a consensus that it was "fairly valued"
When Tesla IPOed in 2019 at about $1.7B, many called it overpriced; today the market values it near $1.5T
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Those with 10+ years in the industry observe that this often happens with companies truly changing the world — they rarely look cheap in real time
How undervalued they were only becomes clear in hindsight