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With the way the economy is heading with higher rates. I think it's hard for investors to justify the high valuation of the company. Especially with the slowing
by impulser_ 4y ago
With the way the economy is heading with higher rates. I think it's hard for investors to justify the high valuation of the company. Especially with the slowing car market.
We could see it even drop lower and trade at similar valuations as the big auto companies like Ford, GM, Toyota, and Honda. Tesla usually trades higher because they had the market and tech lead in the EV market but with the slowed progress of FSD and big auto catching up in the EV market. The competition is heating up for Tesla and their advantages are disappearing. Ford is on pace to build 2m EV a year by 2026. Which is 2x the amount Tesla is building yearly. The EV market is going to get really competitive.
- vardump 4y ago> Ford is on pace to build 2m EV a year by 2026. Which is 2x the amount Tesla is building yearly. AFAIK, Tesla's current capacity is about 2M per year.
- v0idzer0 4y agoFord has delivered less than 100,000 EVs since they began their quest to go all electric in 2020. It took Tesla 10+ years to ramp production to 1m per year. I’m highly skeptical Ford will hit 1m per year in 2026. Let alone 2m.