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Teslas net losses had begun to accelerate in 2014 and between 2014 and 2020, Teslas losses ranged from minimum of 294 million U.S. dollars in
- Teslas net losses had begun to accelerate in 2014 and between 2014 and 2020, Teslas losses ranged from minimum of 294 million U.S. dollars in 2014 to maximum of 2.241 billion U.S. dollars in 2017. However, Tesla turned a full-year profit for the first time on record in 2020. Net income of 862 million U.S. dollars in 2020. In addition, as of December 2021, Teslas market cap had exceeded $1 Trillion, which makes Tesla the world's 6th most valuable company by market cap. (Check the table of the changes of Tesla market cap and stock prices, appendix 1). Comment and make an argument of how a company that was realizing losses till 2019 has turned to be what it is today explaining from your point of view what are the factors that made this change and whether Tesla is really worth this value or not!
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