Tesla (TSLA), the company, is like a Rorschach test. One investor sees an auto manufacturer, another investor sees a software company and a third sees a data company. Data may be all the rage in 2020 with hot IPOs like Snowflake (SNOW) gaining more than 100% on its first day of trading.

The point of this article is to consider whether an investor can count on large revenues derived from data somewhere in the future. It seems unlikely to me and here's why:

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