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There is an assumption that Tesla has peaked as competitors are successful in gaining market share. Rivian's successful of Amazon launch [1], Lucid is starting
by jsemrau 4y ago
There is an assumption that Tesla has peaked as competitors are successful in gaining market share. Rivian's successful of Amazon launch [1], Lucid is starting in Europe [2], and NIO is opening up in Europe.
Is Tesla, given that scenario, really a 372B company (as of Dec 23rd) or rather a 45B company like Ford and GM?
[1]https://app.finclout.io/t/9Q2MQ8d https://app.finclout.io/t/9Q2MQ8d
[2]https://app.finclout.io/t/mOaRRwY https://app.finclout.io/t/mOaRRwY
- mlindner 4y agoA generally unfounded one as Tesla has always done discounts/pushes of various sorts at the end of quarters and especially at the end of the year.
- x0x0 4y agoI think Tesla gifting the pickup truck market to Rivian and Ford w/ their Lightning is one of the biggest own goals in a long time. And I think Tesla should worry less about Lucid, etc than Volkswagon working out the kinks in their id.4 (what a terrible name that is), and Toyota's revamped Prius, which looks like a very appealing bridge car that can still use gas on road trips.
- karmasimida 4y agoHyundai and Chinese competitors are ramping up quickly as well I would imagine major Japanese/American manufacturers to follow suite Tesla’s reign of EV is going to be over in next 5 years. Maybe they can differentiate more on software but it is not going to sustain their margin
- bamboozled 4y agoI also think there is a market for less software in cars? My phone contains all the software my car needs and it does it better than any car I’ve used. I can also upgrade my phone without upgrading my car.
- Tossrock 4y agoYour phone does not contain anti-lock break control, differential torque control, engine tuning control, or the huge amount of other automotive control software that's in a car. You're mistaking the user-facing software (infotainment) for the totality of the software in the car, when in reality it's a minority.
- t43562 4y agoThat might be true but the infotainment is a major factor in how people perceive the car.
- youngtaff 4y agoPretty sure Telsa’s reign is already over outside the US
- AustinDev 4y agoModel Y is best selling car in Norway. While I agree they’re overvalued I don’t think that has happened quite yet.
- youngtaff 4y agoNorway is a tiny market with only ~220,000 cars sold each year with the Model Y being about 18,000 of those Considering Norway is on track for EVs to be 80% of sales yes Tesla has a significant share but it’s not dominant
- oblio 4y agoI love how you're listing Rivian, Lucid, NIO, but you're completely discounting the company that has invested tens of billions of euros into an EV platform, and will invest tens of billions of euros more over the next few years. VW. FYI, Mercedes, BMW, Hyundai/Kia are also building huge EV platforms. I don't have sales numbers for them, but I imagine all of them are already selling tens of thousands if not hundreds of thousands of EVs, each. Maybe they're not sold in the US? That would explain some of the comments here.
- jsemrau 4y agoYou are fully right. And only underlines my point.
- snovv_crash 4y agoHow many of those are building charger networks?
- Ekaros 4y agoAs many as have build their own petrol station network.
- snovv_crash 4y agoSomeone needed to bootstrap the charging infrastructure. At some point it will be a commodity and at that point Tesla is 'just' sitting on a big asset.
- WeylandYutani 4y agoIrrelevant the EU in their benevolent wisdom has mandated that charging networks have to be interoperable. You can use Tesla superchargers for your 20k Kia economy box.
- snovv_crash 4y agoThis is great for consumers with the assumption that Tesla will still find it profitable to build out the infrastructure at all. On the other hand, Europe is a lot smaller, so maybe it doesn't matter as much.