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I am not an Elon fan or anything, but I don't think you can say the jury is out on Tesla. Tesla is the first successful new car company manufacturing in the US
by georgeecollins 4y ago
I am not an Elon fan or anything, but I don't think you can say the jury is out on Tesla. Tesla is the first successful new car company manufacturing in the US in more than fifty years. It changed people's perception of electric cars and changed the car market. Even if it has a ton of troubles going forward it will be a very valuable company. I think you have to give him his due for that.
- KerrAvon 4y agoYou absolutely can say that the jury is still out. The required proof otherwise would be Musk stepping down and Tesla not immediately collapsing.
- wpietri 4y agoIt is perfectly possible that Tesla will be marginal or out of business within a decade. Tesla did a good job hyping electric cars and selling them to an early-adopter market when they had no real competition. But now that the market is proven and the discussion has shifted, every major car company and a bunch of other players, possibly including Apple, are going after the much bigger mainstream market. If you look now at Consumer Reports and their recommended BEV cars, Tesla only has 1 of the 5 models listed, and its score is a middling 78, behind the 91 for the Kia EV6 and the 84 for the Genesis GV60. Once the rest of the competition has a few years to iterate, the picture could be significantly worse for them. It's possible that Tesla could be the Google of electric cars, where first-mover advantage leads to decades of dominance. But it's also possible that they could be a Groupon or a Pebble: companies that were initially leaders and darlings, but that couldn't keep up over the long term.