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> and all their competitors are a decade in front of them This feels overly pessimistic to me. I feel like just a couple of years ago people were saying that T
by freetime2 4y ago
> and all their competitors are a decade in front of them
This feels overly pessimistic to me. I feel like just a couple of years ago people were saying that Tesla was a decade ahead of "legacy" automakers. Fast forward a couple of years and there are lots of great EVs available from a number of legacy automakers, and Tesla's stock is down almost 70% from its peak in Nov 2021. Ford even beat Tesla to market with a compelling pickup. A lot can change in a few short years.
Toyota still hasn't released a compelling EV, and their Mirai looks dubious at best. But they are putting hybrid engines into more and more models, and I think there will continue to be a strong demand for HEVs and PHEVs for years to come, until prices come down on EVs. And of course demand for ICE vehicles is still strong, too.
- acdha 4y ago> I feel like just a couple of years ago people were saying that Tesla was a decade ahead of "legacy" automakers. I saw a fair amount of that but it seemed to be more a reflection of Musk’s success at building an online fan club than sober analysis. The car people I know were bearish, noting that electric cars are relatively easy to build. The outlier was FSD, which would have been much harder to match if it hadn’t been at least a decade premature.