"The genius of Musk’s plan is that he hasn’t yet picked a location and
there’s still room for partial funding from partners. That means state
governments, suppliers like Panasonic, and even local utilities will be
fighting for the chance to invest in the Gigafactory at terms that are
likely to be deeply skewed in Tesla’s favor.
Shorts may object, but Tesla hasn’t been about valuation for a long time.
The bottom line is that Elon Musk is a brilliant guy getting very cheap
money to build out his revolutionary plant. Not only that, but Musk is going
to be able to give partners an offer they can’t refuse by letting them
ride along with Tesla or get left behind the next generation of energy
production.
For years Musk has been compared to Steve Jobs. As it turns out he’s much
more like Don Corleone."