Tesla is at a crossroads: is it a car manufacturer or a tech giant? The night before Elon Musk revealed Tesla’s first-quarter results, a futuristic Cybertruck caught the attention of onlookers in Los Angeles. The vehicle, with its angular design and mysterious aura, could easily pass for a vehicle from a sci-fi movie. Dennis Wang, a loyal Tesla fan, proudly owns a Cybertruck along with other Tesla models and shares in the company. Despite recent challenges, Wang believes in Musk’s leadership and sees Tesla not as a car company, but as a tech innovator. Many Tesla enthusiasts share this view, attributing the company’s success to its cutting-edge software and self-driving technology. Tesla’s stock valuation reflects this perception, resembling that of a high-growth tech firm rather than a traditional automaker. Explore more about this fascinating identity crisis on The Economist.
