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I didn't listen to the interview, but apparently he reminded the audience that he said Tesla was overvalued back in May (when the stock was one third of its present value) and also that it would be worth more in five years. It's easy to say now, but I think comparing Tesla to other carmakers is akin to comparing early Amazon to other bookstores. There's a vision priced into the stock. If the vision fails, it will be a dud like pets.com, but it's too early to say.