2 ms·
Car companies were asleep at the wheel before Tesla. Selling EVs is perfect because they have lower OpEx at the cost of a higher CapEx. Higher CapEx means more
by snordgren 4y ago
Car companies were asleep at the wheel before Tesla. Selling EVs is perfect because they have lower OpEx at the cost of a higher CapEx. Higher CapEx means more revenue for the car manufacturers, and higher valuations in the long run if they can maintain their profit margin.
Car manufacturing will be a more valuable industry as EVs become the standard, but definitely not fast enough to quadruple the value of the industry in a handful of years. Not unless we start overvaluing every company like Tesla.