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Obits for Tesla are premature. The model 3 won't have any direct competition for two or three years. Other EVs on the market are a generation behind, and have p
by Zigurd 9y ago
Obits for Tesla are premature. The model 3 won't have any direct competition for two or three years. Other EVs on the market are a generation behind, and have production numbers that are a fraction of today's Model 3 numbers.
On the other hand, to be worth its valuation, Tesla probably needs more than a year of uncontested dominance. So even if Tesla retains all the pre-sold Model 3 customers and is on track to fulfill those orders, "too late" could come sometime later this year.
- opencl 9y agoThe Bolt isn't a Model 3 competitor and the 652K EVs sold in China in 2017 are a fraction of today's Model 3 numbers? https://www.greencarreports.com/news/1114853_china-plug-in-electric-vehicle-sales-in-2017-almost-four-times-those-in-the-u-s https://www.greencarreports.com/news/1114853_china-plug-in-e...
- bobsil1 9y agoThe Bolt isn’t a sporty entry luxury sedan, Model 3 is pitched against BMW 3-Series.
- mikeash 9y agoThe Bolt doesn’t have a decent long distance charging network.
- Zigurd 9y agoThe Bolt is exactly what I mean by a generation behind and with low production. China EVs interesting, and potentially much more disruptive if they turn out to demonstrate that entering the EV business is cheap and easy.
- carlivar 9y agoTwo things are the biggest problem for Tesla: $900m in bonds due in early 2019 Loss of full $7500 federal tax credit probably in Q2 2018 but definitely Q3.