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hi Im going to start with a confession I dont like driving very much Im not in love with cars I think of them as Transportation devices and luckily I dont have to drive very much every week I own a 2010 Honda Civic and its not going to get oohs and hours on the street and Ive never owned a Tesla but Ive driven Teslas Ive never felt the urge to Value Honda but I do feel the urge to Value Tesla now theres some companies I come back to over and over again and you might wonder why there are two reasons one is there interesting theyre fun companies to value it makes valuation much easier when you have an interesting company rather than a boring one the second is in some companies as you value the company are hopefully getting insights about business and valuation in general and Tesla meets both criteria in fact Ive told people that everything I know about valuing young companies Ive learned in the context of valuing Amazon and much of what I know about disruptive companies and
