Tesla closed above $2000 a share today, with a market cap now approaching $400B. So, they must be growing like crazy, right?
Topline (which everybody seems to point to as a proof point on ‘growth’) was up 14% from 2018 to 2019. They are on track for 2020 to be up less than 5% from 2019 to 2020, unless the business explodes in the last quarter of the year.
It’s hard to see how the growth rate isn’t substantially lower in 2020, if they grow at all. What am I missing?