3 ms·

Tesla is still in that position today though, when it comes to valuation? They have a larger valuation than Toyota, even though Toyota has 10x higher revenue a

Tesla is still in that position today though, when it comes to valuation? They have a larger valuation than Toyota, even though Toyota has 10x higher revenue at similar profit margin. Toyota produces almost 3x as many cars as Tesla per employee. Sure, they are still growing, but it's unclear how that growth will continue. Especially for Model S and X, there are objectively better options on the market today from the traditional manufacturers (BMW, Audi, Mercedes, Jaguar, Polestar/Volvo, Hyundai) and from new Chinese brands. Just look at deliveries by model, Model S + Model X peaked at 30 k deliveries per quarter way back in 2018, and has been dropping since. They were the first mover, but apparently have not been able to capitalize on that. Of course the stock market today has moved wholeheartedly to embrace the post-fact meme stocks like Gamestop and Tesla, so I'm not stupid enough to bet on the share price dropping.

panick21_ 5y ago
> Especially for Model S and X, there are objectively better options There are non technically better then the new S/X. S literally is only beaten by 2.4 million $ super cars. Compare vehicles priced the same from other manufactures and technically the Tesla will beat them. Tesla was busy going down market and payed little attention to S/X and that was good strategy. The new generation of S/X will likely reach the peak of those products and more, but again this is tiny part of the story. Tesla valuation might be high, but they are proven manufacturer, who have delivered strong growth for a decade, have many new factories and products in the pipeline and have proven they can execute. Tesla took a long time before they reached what Rivian is now, and had to prove way more. Comparing them is not quite far. Rivian is surfing on what made Tesla possible.

panick21_ 5y ago

> Especially for Model S and X, there are objectively better options There are non technically better then the new S/X. S literally is only beaten by 2.4 million $ super cars. Compare vehicles priced the same from other manufactures and technically the Tesla will beat them. Tesla was busy going down market and payed little attention to S/X and that was good strategy. The new generation of S/X will likely reach the peak of those products and more, but again this is tiny part of the story. Tesla valuation might be high, but they are proven manufacturer, who have delivered strong growth for a decade, have many new factories and products in the pipeline and have proven they can execute. Tesla took a long time before they reached what Rivian is now, and had to prove way more. Comparing them is not quite far. Rivian is surfing on what made Tesla possible.