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by coffeemug 2720 days ago
> $85 billion market cap for a car that can't travel to most areas of the globe at all or with severe inconvenience?

Pure electric cars have only been widely available for a few years, so there isn't a lot of infrastructure yet. The market cap prices in risk-adjusted growth, so you have to consider what the world will look like 10-20 years from now. Do you think it'll still be the case that electric cars won't travel to most areas of the globe without severe inconvenience?

> Build some nuclear power plants! Go to Mars!

Firstly, we can do both. There is enormous amount of capital in the world, and not enough actionable good ideas. Secondly, dictating capital allocation top down is tyrannical. Thirdly and most importantly, there have been human societies that have tried to avoid various will-o'-the-wisp projects and allocate capital only to smart undertakings. Historically, they haven't fared very well.