Good point about margin. I imagine a good chunk of that margin is from eliminating dealers from their sales model. Even with the higher margin, Tesla would nee

Good point about margin. I imagine a good chunk of that margin is from eliminating dealers from their sales model. Even with the higher margin, Tesla would need an insanely higher volume to justify their market cap. It’s never going to reach those volumes. I also suspect Tesla will not be able to maintain all of their margin as they face increased competition. Some of that margin doubtlessly comes from selling their FSD - and I think it’s unclear if they will be able to keep selling that at a premium as other car makers catch up and/or regulators investigate some advertising claims around it. Tesla’s highest margins appear to be in China, where operations are distinctly delicate for someone owning a large social media company. The Semi may legitimately make a difference; we’ll have to see how many they are able to produce and their market uptake. There are going to be other competitors in that space who are more aligned to the trucking industry. The current Tesla Semi seems to be a niche for short haul runs (which is still a big segment).