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Tesla has a huge lead over other automakers. See how the electric-car company’s brand became so mighty.

Tesla CEO Elon Musk has built Tesla into one the most powerful brands in the world.
Tesla CEO Elon Musk has built Tesla into one the most powerful brands in the world.

Jae C. Hong/Associated Press

In the car business, it’s often said that brands are grand, but products pay the bills. In other words, you can capture or retain customers with what your company stands for, but long-term, if you don’t have great vehicles, you’re going to have a problem.

For almost its entire history, more than 15 years, Tesla has inverted that wisdom. A few years ago, the carmaker was barely selling any vehicles relative to its global competitors. Last year, Tesla delivered only about 250,000 vehicles, while General Motors sold almost 8 million.

Investors have decided that this means Tesla should be worth $300 billion in market capitalization, more valuable than GM, Ford, and Fiat Chrysler Automobiles combined — and topping Volkswagen and Toyota, the two biggest automakers on Earth.

Vehicle sales obviously

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Ahead of hearing with big tech CEOs, Cicilline says a Biden presidency would lead to regulation next year

WASHINGTON — A top Democrat leading an antitrust investigation into the nation’s top technology companies said Wednesday his committee will release a report by the end of August with recommendations on legislation that Congress could pass into law as soon as next year. 

“There’s no reason to not expect a new administration to take this up in their first year,” said Rep. David Cicilline, D-R.I., in an interview on “The Long Game,” a Yahoo News podcast.

Rep. David Cicilline, D-R.I. (Photo illustration: Yahoo News; photos: Andrew Harnik/AP, AP)
Rep. David Cicilline, D-R.I. (Photo illustration: Yahoo News; photos: Andrew Harnik/AP, AP)

“Antitrust laws were developed during the railroad monopolies and the oil barons. It’s a very different economy now. The question is, do we need to update and modernize our antitrust statutes to ensure that in the digital marketplace we have real competition? I think it’s pretty clear we don’t have real competition, partly because of the size of these platforms, and partly

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