It appears that in general most legacy automakers are losing money on EVs and even plugin hybrids at this point. So I doubt there is that much profit in them currently even in the best of circumstances.
It's one thing to say Tesla has been successful. It's quite another thing to say that Tesla's success justifies a market capitalization that is not only the highest in the auto industry, but is greater than the combined market capitalization of the second through fifth automakers.
Despite being the 11th biggest by revenue.
It's true that high-end carmakers seem to get a lot of goodwill valuation simply for being high-end carmakers. But normally not that much.
This is completely irrelevant to the original claim (it’s outrageous for elons bonus to be X percent of every previous car) or my point (nurturing exponential growth is worth burning a lot of early cash flow).
