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Tesla sells globally, literally operates the largest car charging network in the world, they have stores and service centers all over the globe. They the major

by nickik 6y ago

Tesla sells globally, literally operates the largest car charging network in the world, they have stores and service centers all over the globe. They the major players in EV in all major EV markets, US, Europe, China. There is absolutely no reason to exclude them based on your criteria. And also, there is no evidence that these stock prices changes are related to S&P 500 at all. It doesn't really matter for Tesla if they are in the S&P 500. Edit: What the hell is it with downvoting? Tesla is a global 24.58 billion USD revenue company. There is LITERALLY no indication in the S&P guidelines that Tesla doesn't fulfill some requirement. That's a simple fact no matter if you like Tesla or not. Again, I couldn't care less if Tesla is in the S&P500 or not, but there is no series argument against it.

unethical_ban 6y ago
Here's one: Its stock gets meme'd to the moon. It's a target for mass retail speculation and options trading that make its stock an ill measure of the company's actual performance.
kube-system 6y ago
> literally operates the largest car charging network in the world Qingdao TGOOD’s network is almost 8x larger than Tesla’s. https://www.bloomberg.com/news/features/2019-10-15/china-electric-car-chargers-fleet-outpaces-u-s-ev-stations https://www.bloomberg.com/news/features/2019-10-15/china-ele...
- nickik 6y ago
  Based on some metrics. In terms of how much travel it allows, how fast it charges and so on and so on. Call it the best, the most impressive or whatever you like. Clearly they are a major global player and that was may point.
henrikschroder 6y ago
> They the major players in EV in all major EV markets, US, Europe, China. https://insideevs.com/news/442139/norway-etron-eqc-sales-august-2020/ https://insideevs.com/news/442139/norway-etron-eqc-sales-aug... In a more mature EV market like Norway where there's actual competition and consumer choice, Tesla isn't doing so hot. From the article: Audi e-tron - 755 Mercedes-Benz EQC - 595 Polestar 2 - 504 (according to separate source) Volkswagen e-Golf - N/A (511 total with ICE; mostly BEV) Hyundai Kona Electric - N/A (413 total with ICE; mostly BEV) MG ZS EV - 281 Nissan LEAF - 270 Tesla Model 3 - 264 (total Tesla brand: 348) Renault ZOE - 221 BMW i3 - 152 That's about a 7% market share (edit: New car sales in Norway, August, 2020) for Model 3, 9% for all Tesla models combined. If the VW group is already outselling Tesla in Norway 5 to 1 just in the BEV category, how can Tesla's market cap be 4 times higher than VW's? It fundamentally doesn't make sense.
- nickik 6y ago
  Using one month of data from one small country is honestly the most embarrassing argument I have ever seen on Hacker News.
  - henrikschroder 6y ago
    New BEV car sales January to August 2020 in Germany: Tesla: 10.6% VW Group: 35.3% Tesla had a fantastic first mover advantage, they're not making bad cars, but they're not special anymore. And in the real world, with competition, they're simply not stacking up very well. The trend is pretty clear to me. The stock market obviously disagrees, though.
    - nickik 6y ago
      Tesla is 28% full EV market and if you include Plug-in hybrids (you shouldn't) its 20% of the global market in the first half of 2020 and they have been improving their global market share consistently over the last couple years. But don't let real evidence stop you form selecting specific data samples that prove your point you want to make. No company in its right mind could hold 30% of the total car market, but what is actually surprising is that unlike many analysis's predicted, their global market share has been going up. Maybe the next round of Tesla killer is finally gone do something. You are comparing Tesla to the largest auto maker in its home market during a global pandemic where Tesla has to export their car from California (yes they are insane enough to build cars in California) and they have to pay tariffs. Tesla is building a gigantic factory in the middle of Europe until then Tesla will not have the market leading position in Europe while all European companies dumb their vehicles in Europe first. I still expect Tesla to big a significant junk of the European market going forward.
      - fomine3 6y ago
        OP points real evidence for BEV.
        6y ago

by nickik 6y ago

unethical_ban 6y ago

Here's one: Its stock gets meme'd to the moon. It's a target for mass retail speculation and options trading that make its stock an ill measure of the company's actual performance.

kube-system 6y ago

> literally operates the largest car charging network in the world Qingdao TGOOD’s network is almost 8x larger than Tesla’s. https://www.bloomberg.com/news/features/2019-10-15/china-electric-car-chargers-fleet-outpaces-u-s-ev-stations https://www.bloomberg.com/news/features/2019-10-15/china-ele...

nickik 6y ago
Based on some metrics. In terms of how much travel it allows, how fast it charges and so on and so on. Call it the best, the most impressive or whatever you like. Clearly they are a major global player and that was may point.

henrikschroder 6y ago

> They the major players in EV in all major EV markets, US, Europe, China. https://insideevs.com/news/442139/norway-etron-eqc-sales-august-2020/ https://insideevs.com/news/442139/norway-etron-eqc-sales-aug... In a more mature EV market like Norway where there's actual competition and consumer choice, Tesla isn't doing so hot. From the article: Audi e-tron - 755 Mercedes-Benz EQC - 595 Polestar 2 - 504 (according to separate source) Volkswagen e-Golf - N/A (511 total with ICE; mostly BEV) Hyundai Kona Electric - N/A (413 total with ICE; mostly BEV) MG ZS EV - 281 Nissan LEAF - 270 Tesla Model 3 - 264 (total Tesla brand: 348) Renault ZOE - 221 BMW i3 - 152 That's about a 7% market share (edit: New car sales in Norway, August, 2020) for Model 3, 9% for all Tesla models combined. If the VW group is already outselling Tesla in Norway 5 to 1 just in the BEV category, how can Tesla's market cap be 4 times higher than VW's? It fundamentally doesn't make sense.

nickik 6y ago
Using one month of data from one small country is honestly the most embarrassing argument I have ever seen on Hacker News.
- henrikschroder 6y ago
  New BEV car sales January to August 2020 in Germany: Tesla: 10.6% VW Group: 35.3% Tesla had a fantastic first mover advantage, they're not making bad cars, but they're not special anymore. And in the real world, with competition, they're simply not stacking up very well. The trend is pretty clear to me. The stock market obviously disagrees, though.
  - nickik 6y ago
    Tesla is 28% full EV market and if you include Plug-in hybrids (you shouldn't) its 20% of the global market in the first half of 2020 and they have been improving their global market share consistently over the last couple years. But don't let real evidence stop you form selecting specific data samples that prove your point you want to make. No company in its right mind could hold 30% of the total car market, but what is actually surprising is that unlike many analysis's predicted, their global market share has been going up. Maybe the next round of Tesla killer is finally gone do something. You are comparing Tesla to the largest auto maker in its home market during a global pandemic where Tesla has to export their car from California (yes they are insane enough to build cars in California) and they have to pay tariffs. Tesla is building a gigantic factory in the middle of Europe until then Tesla will not have the market leading position in Europe while all European companies dumb their vehicles in Europe first. I still expect Tesla to big a significant junk of the European market going forward.
    - fomine3 6y ago
      OP points real evidence for BEV.
      - 6y ago