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> on basically no major news I think the evidence proves otherwise. It's the other automakers that have had no news. 1. They announced and are rapidly buildin
by grecy 6y ago
> on basically no major news
I think the evidence proves otherwise. It's the other automakers that have had no news.
1. They announced and are rapidly building a factory in China
2. They announced the Cybertruck, and are rapidly building a factory in Texas to build it.
3. They held "battery day" where they deep dived into how they're streamlining the production of cells to crack the $100/Kwh mark
4. Factory in China is now building over 20k vehicles/month.
- RivieraKid 6y ago1, 2 and 4 were expected and incorporated in the price, 3 was a nothingburger. A good valuation takes into account the risk that anything which is expected fails for some reason, so when the expected stuff happens, it should increase the valuation by removing the risk. But it's never a game changer that should increase the valuation by a factor of 15.
- LanceJones 6y agoAccording to whom? Anyone who understands battery density, costs, and scaling production certainly wouldn't agree with your "assessment".
- ericd 6y agoWeird, I thought #3 was by far the most exciting of the 4. It outlined the path to the tipping point where EVs with decent range are cheaper than low end ICE cars.