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I think in the future we're going to see a stock price that mirrors traditional auto manufacturers. It will take some time to get there and when it does it will
by cactusplant7374 2y ago
I think in the future we're going to see a stock price that mirrors traditional auto manufacturers. It will take some time to get there and when it does it will destroy the retirements of those Tesla stockholders most active on Twitter. It's going to be interesting to say the least. Probably a lot of lag time built into the outrage because the Tesla folks are a patient bunch.
- greedo 2y agoI never understood how any investors really thought this wouldn't be the case. They seemed to think that Tesla was going to devour all the traditional carmakers in a borg-like fashion. The evaluations have always been unsustainable.
- throwaway5959 2y agoRight? Even if they did somehow take over all traditional carmakers, the margins on those businesses suck. It’d just scale a shitty business (making cars).
- greedo 2y agoIt's a deceptively seductive industry. How hard could it be, especially with EVs? I think it's relatively easy to design a single car with some cool batteries and engines. It's another thing to build them in quantity, maintain quality, sell them, support them with spare parts so that repairs don't take forever.
- throwaway5959 2y ago> It will take some time to get there and when it does it will destroy the retirements of those Tesla stockholders most active on Twitter. Well at least there’s that silver lining: a lot less noise in the EV space on YouTube.