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The car market is quite a interesting place nowadays, according to the old lore - the streets would be filled with Tesla killers long ago and Tesla would if pos

The car market is quite a interesting place nowadays, according to the old lore - the streets would be filled with Tesla killers long ago and Tesla would if possible be bankrupt several times over by now. -This was the general market sentiment only 3-4 years ago, and had at that time prevailed for quite some time. With the latest estimated Q3 production numbers for Tesla they will now have a 1 million annualized rate of car production and it will be growing annually at around 50% for many years to come. (FYI : The numbers came out, real number is 950' annualized.) I'm sure there is a place for Rivian if they can execute,- I will not argue that the price of Rivian is right, but I would interject that the marketplace is shifting and dramatically so. The most reasonable argument is that the stock market does not view the automotive incumbents as competitive against new electric car companies and this shows in the valuation. The old auto companies have not innovated, and now they are being out innovated. Their market share are in free fall and there is a lot of possibility for startups to grab a share of the market. Here's the latest from Germany; Translated quote from VW Brand CEO Ralf Brandstätter; 'It is urgently necessary that a new course is set in Wolfsburg. Future competition with Tesla's new Gigafactory will be brutal. The electric car pioneer sets new standards in car production.. ..For example, a Model 3 is built in 10 hours, more than 3 times as fast as a VW ID.3 in Zwickau. This puts Tesla in another dimension in terms of productivity and profitability' (The ID series of cars were the supposedly Tesla Killers from VW) From ; https://www.businessinsider.de/wirtschaft/kampf-gegen-gruenheide-vw-chefs-wollen-wolfsburger-stammwerk-radikal-umbauen-um-gegen-tesla-und-china-cars-zu-bestehen-a/ https://www.businessinsider.de/wirtschaft/kampf-gegen-gruenh... some more context; https://twitter.com/alex_avoigt/status/1443993103329857549 https://twitter.com/alex_avoigt/status/1443993103329857549

paganel 5y ago
> For example, a Model 3 is built in 10 hours, more than 3 times as fast as a VW ID.3 in Zwickau. That would explain the panel gaps. On a more serious note, where I think Tesla is way above the other (old) manufacturers is in software, the Germans especially have treated the software as something extrinsic to building a car until now (for good reason, given the circumstances) but this has changed once EVs came into play, you have to have top-notch software developers and top-notch software execution in order to get everything out of a car battery.
- roflchoppa 5y ago
  The gaps are so bad that my girlfriend points them out to me as we drive.

paganel 5y ago

> For example, a Model 3 is built in 10 hours, more than 3 times as fast as a VW ID.3 in Zwickau. That would explain the panel gaps. On a more serious note, where I think Tesla is way above the other (old) manufacturers is in software, the Germans especially have treated the software as something extrinsic to building a car until now (for good reason, given the circumstances) but this has changed once EVs came into play, you have to have top-notch software developers and top-notch software execution in order to get everything out of a car battery.

roflchoppa 5y ago
The gaps are so bad that my girlfriend points them out to me as we drive.