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That's insane. One-third of Tesla's market cap and they seem to be far behind in self-driving, battery tech, charging infrastructure and product development.
by davej 7y ago
That's insane. One-third of Tesla's market cap and they seem to be far behind in self-driving, battery tech, charging infrastructure and product development.
- village-idiot 7y agoBehind where Tesla claims to be in self driving, or behind where Tesla is with self driving?
- gamblor956 7y agoBut unencumbered by Tesla's billions in financial, technical, and logistical debt... As with Tesla, Rivian is being judged by its hoped future successes, not its actual track record to date.
- martythemaniak 7y agoAs Russ Hanneman would say, they're a "Pure Play". https://www.youtube.com/watch?v=BzAdXyPYKQo https://www.youtube.com/watch?v=BzAdXyPYKQo
- NotSammyHagar 7y agotesla owes something like 9.5 billion in loans. i think they can just sell some more stock. instead they seem to want to raise capital.
- linuxftw 7y agoCompare Tesla's market cap to Fords. Tesla is far behind in producing cars in volume, service centers, repair parts, product development, making actual profits on a sustained basis. It's lunacy.
- cptskippy 7y agoFord did after all have a 100 year head start. Is it realistic to expect a 16 year old company to have the same level of everything as a 116 year old incumbent?
- davej 7y agoPointless comparison really, you're comparing a startup (in automotive industry context) to a company established in the 1900s. Tesla's revenue growth is 40x Ford.
- linuxftw 7y agoAnyone can grow revenue quickly losing other people's money. The point I'm trying to make is TSLA is extremely overvalued, future earnings will never justify it's multiple, if the company even has future earnings at all.
- DeonPenny 7y agoBy they have a higher growth rate which is important
- eanzenberg 7y agoPretty smart they aren't sinking any $$$ into self-driving moonshot tech. Keep lean, build a high-performance tight truck/suv with current driver-assist tech.
- s_y_n_t_a_x 7y agoSelf-driving is the future. Mankind will one day realize 1.25 million deaths a year from crashes is unacceptable. Tesla is on the forefront of that, it would be dumb not to be sinking money into it. If they don't now, they'll lose their lead, lose marketshare, and lose their training data.
- Spivak 7y agoYou do realize that everybody still drives knowing the risk? The driving force behind self-driving cars is convenience, it will never be safety -- especially when the fist $x decades of mass-adopted self-driving cars will be more dangerous than human drivers. If safety was that important and the political capital existed to actually change things then we could make a huge dent with just the things we know right now.
- rodiger 7y agoCurrent self-driving cars are already orders of magnitude safer than human drivers. I agree convenience is likely the largest driving factor but safety is definitely emphasized.
- sib 7y agoI think we should all be able to agree that there are no commercially-available "current self-driving cars" - there are cars with ADAS, but they are far from self-driving. And if you tried to let your "self-driving car" actually drive itself on the typical routes that a person takes through the course of a month (not on a closed course), you would never arrive, either because you died in a crash or because the car gave up. (NB: I own a Tesla Model 3 and have the various "self driving" options.)
- harias 7y agoTesla's market cap is 44.77 Billion USD. So about One-sixth.
- davej 7y agoSorry, you're correct. I was looking at 2018 revenue, not market cap.