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Agreed, but IMHO it is sort of justified for Tesla. The size of its hype matches the size of the ICEs entrenchment in its moat. These have outsize influence on
by BenoitP 3y ago
Agreed, but IMHO it is sort of justified for Tesla.
The size of its hype matches the size of the ICEs entrenchment in its moat. These have outsize influence on our economy, but climate change (and oil depletion) is quite inevitable. It takes irrational market cap to unseat that part of the economy being prisoner of its rent. And some allocators of capital have understood that.
- replygirl 3y agostock is down for both tesla and this argument since beginning of 2021, as most ICE car OEMs can now sell you a pretty good EV that, if you have driven a car before, is easier to use than a tesla
- oblio 3y agoCheck the left hand side menu: https://www.arenaev.com/ https://www.arenaev.com/ The list of ICE car manufacturers making EVs is longer than my arm. All the European ones have staked their future on EVs. I think VW (the irony) was lobbying for a faster phaseout of ICEs in Europe, because they're well positioned to take over the EV market if ICEs are banned faster than 2035 :-)
- Tlstrw 3y agoIt really wasn't. Musk kept making promises on insane deadline and missing them. Anyone with a lick of sence could see that EVs would take decades to reach the main stream and would have huge issues with the raw materials required to make it the transition possible. E.g. Building four more electricity grids worth of capacity to replace gas stations.