Thread by @KolaOyeneyin

I went from being a big Tesla bear to becoming an unrepentant bull. While I never “shorted” its stocks, I sat on the fence for so long until the whole idea of the company started to make sense. I used to see Tesla as a car company and was using the metrics of the auto industry to

judge it. That was unfair, especially after I realized that it has actually gone from being an auto maker to a Tech company. From that moment, my metrics changed. To understand Tesla, you have to subscribe to a world where petrol/gas dies and we run on battery-powered engines.

You must also be willing to embrace a world where how we generate electricity as we know it today is going to dramatically change over the next two decades.

In these two worlds, one company has no competition so far; and that’s Tesla.

Making pretty cool (we must say) cars may have been the in-road to Tesla’s prominence, its legacy will be in battery and renewables. This was easy for me to understand, as an entrepreneur whose in-road into everything he does today were industries that needed disruptions.

Tesla is not an auto company. That’s why its valuation can never make sense to auto-focused investors. Don’t compare it to Toyota or Ford, it won’t make sense. The moment you begin to think of it as a technology company, you see another Apple ($2 Trillion company) in the making.

For instance, Tesla’s new annual Battery Day is going to become as big as Apple’s Product launch day. It’s a pattern!

I am now a Tesla believer and if I had my way, I’ll get @elonmusk to set up a giga factory in Nigeria; we need battery technologies to power Africa.