Tesla earnings call - Elon Musk: We will reach a market cap of $700B

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From the Tesla earnings Call (5/3/17):

Brian: Elon, you outlined a scenario where you could get to $700 billion in market cap. how are you looking at that?

Elon: Well, now I may want to preface this by of course I could be completely delusional, but I think I see a clear path to that outcome.

Brian: Okay. And anything else in terms of other businesses or volume, or still pretty much on that track?

Elon: The set of steps necessary to achieve that outcome seems pretty obvious. I am heavily involved in Tesla getting incredibly good at the machine that builds the machine. Which involves, by the way, a tremendous amount of software. This is not just a bunch of robots that are sitting there. It's the programming of robots and how they interact. And it's far more complex than the software in the car. I mean, I think, this is just going to be a very difficult thing for other manufacturers to copy. I would not know what to do if I were in their position.

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Is this when you throw out your PE multiples, EBITDA multiples and other public comps, and DCF models and all other valuation methods known to man and invest on pure speculation and future hype?