Tesla value 1

Tesla stock continues to soar far above all other car stocks and will split today, despite all the doubts of detractors. Some think investors value Tesla's future because of its advancing battery technology or the charisma of its CEO.

But there's a different theory relating to its business model, a theory that makes good sense to me. There's more going on than just technology and charisma.

Look at this analysis of the depreciation of other makes of cars compared to Tesla cars:

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(cont'd tomorrow)