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Lutz argued that Tesla was able to navigate this challenge faster than its competitors, allowing the company to make "price corrections" earlier than others. This was not due to Tesla wanting to increase volume, as some analysts had suggested, but rather a necessary adjustment to reflect the changing input costs and supply chain conditions.
Comparing Tesla's Valuation to GM and Waymo
Some have questioned why Tesla's valuation is so much higher than that of traditional automakers like GM and the self-driving company Waymo (owned by Alphabet). Lutz provided a nuanced perspective, explaining that Tesla's vertically integrated approach, its battery technology, supercharging network, and progress in autonomous driving all contribute to its higher valuation.