I made 60% annual on a fire and forget nonstock investment. Plenty of ways to make okish returns.
Manch is just very happy that his deep red calls become deep green calls.
Car companies sell commodities and thus have low valuations. Of course Tesla doesn’t want to thought of as just a car company. But once it is the market cap and stock value will drop.
That’s not a very good analogy. Amazon used to sell books only and had a very high valuation when it was doing just that.