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Tesla's high stock market valuation is partly justified by the company's learning curve- True
A learning curve is a mathematical notion that illustrates visually how a process improves with practice and learning over time. According to the learning curve idea, tasks will demand less time and resources as they are carried out more frequently due to the proficiency that is acquired when the procedure is learnt. The learning curve, which is used to gauge output effectiveness and project costs, was initially introduced by psychologist Hermann Ebbinghaus in 1885.
The rate of improvement is often indicated as a percentage when describing a learning curve. A steeper slope in the learning curve's visual representation denotes initial learning that results in bigger cost savings, and subsequent learning that leads to slower, more challenging cost savings.
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