“Profound model shift”: Tesla surges on stunning “internet-of-cars” valuation

Tesla shares surge on Monday after a stunning upgrade by Morgan Stanley, which valued Tesla as a subscription or "internet-of-cars" model for the first time.
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Giles Parkinson is founder and editor of The Driven, and also edits and founded the Renew Economy and One Step Off The Grid web sites. He has been a journalist for nearly 40 years, is a former business and deputy editor of the Australian Financial Review, and owns a Tesla Model 3.
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