Bernstein analyst Toni Sacconaghi noted that investors have long debated whether Tesla is a car company or a technology company. He noted that Tesla delivered a car at more than 50 times the valuation of a traditional car company, and said, "There's no question that Tesla hasn't been valued as if it were a car company." Analysts believe that one reason for Tesla's high valuation is its unique growth profile, which stands out even among tech companies. However, he believes that despite this, given Tesla's profit margin situation, relative to high-growth technology companies, Tesla...
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