11 ms·
We're used to growth in orders of magnitude in the tech industry, but keep in mind that in the end, this is an automobile company, whose business has side benef
by magnusmundus 5y ago
We're used to growth in orders of magnitude in the tech industry, but keep in mind that in the end, this is an automobile company, whose business has side benefits in battery tech. Automotive is a stagnating (and at times shrinking) industry with relatively low margins, again unlike tech. Opportunities for overall growth are rare, as market saturation is quite high. In that environment, a steady 20%+ growth is respectable, to put it very lightly.
Share price is a whole other discussion, of course.