Of course the first ones were converted ICE vehicles. I could take a lawnmover and make it electric, that doesn't mean it would feasibly compete with a true des

Of course the first ones were converted ICE vehicles. I could take a lawnmover and make it electric, that doesn't mean it would feasibly compete with a true designed-from-scratch electric lawnmower. Those first EVs designed like that sucked. Seriously. Horrible range. Bad part fit. The roadster in a Lotus body was a fast car with decent range, but it also weighed almost nothing, had two seats, and no storage capacity. Come on, you're smarter than to think that's a good argument. Look at Audi and the e-tron. They're advertising "200+ miles of range", but the only real road test we've heard about so far had it below that, at closer to 175. Meanwhile, the Model X is getting up to 300. And, by the way, before you say it: Yes, the price on both of these is about the same, at the $80k mark. Consider the Bolt. It's got a range of ~240mi. For roughly the same price (~$40k), a Model 3 will do 310, and it will do those miles with substantially better performance and AWD (and also not look like a squished minivan, beside the point). Who else is there? The Leaf? Ford Focus Electric? BMW i3? Hilarious. I'm tired of this argument that "the traditional manufacturers will catch up." It's the same argument we were making 4 years ago, 2 years ago, 6 months ago, nothing has changed. They haven't caught up. It's seemingly increasingly likely that the 2021 model year cars might compete with what Tesla is putting out today, in 2018. What will Tesla have by then? Who's to say. These companies aren't doomed; the car market is vastly large enough to have many many people competing. But Tesla is in a position today to be #1 for a very long time. Their valuation will level off to be more realistic as their revenue catches up with the hype.