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If Tesla receives state support like Volkswagen had, it may overperform above its peers.
by rvnx 2y ago
If Tesla receives state support like Volkswagen had, it may overperform above its peers.
- acdha 2y agoPotentially, yes, but it’s wildly high compared to any of its competitors. To get there that state support would have to be something like banning competitors or saying they’ll buy every soldier a Cybertruck.
- unsupp0rted 2y agoOr giving Tesla a mandate to rebuild America’s ridiculous transportation infrastructure for a new century
- rainsford 2y agoI'm not sure what you specifically mean by transportation infrastructure, but it's not obvious Tesla has many relevant skills or resources to overhaul anything I'd consider transportation infrastructure. They don't build roads or bridges or airports or rail lines. They do build chargers, which is certainly relevant for an electric car future, but that seems inadequate to support a mandate to build transportation infrastructure.
- duskwuff 2y ago> They do build chargers, which is certainly relevant for an electric car future, but that seems inadequate to support a mandate to build transportation infrastructure. And the current government is cancelling plans to build charging infrastructure and actively removing it from federal buildings, not ordering more. https://www.wired.com/story/feds-halt-national-electric-vehicle-charging-program/ https://www.wired.com/story/feds-halt-national-electric-vehi...
- wqaatwt 2y agoHow? By manufacturing more cars? Everyone can do it, Toyota, VW maybe even Ford..
- snypher 2y agoMy understanding was that Tesla had been suckling at the government's year for years in the form of carbon credit trading and would have expired already if not for this.
- rainsford 2y agoThe problem is that Tesla stock is so ludicrously overvalued compared to its peers that even wildly outperforming them still wouldn't justify the current stock price based on financial fundamentals. A P/E ratio 15 times that of Toyota feels like a joke even if you believe Tesla has future potential that would outpace even their own growth over the last few years. The price really seems almost entirely speculative, which is why it doubled after the election despite no obvious change in fundamentals for the company, almost certainly why it crashed back down just as quickly.
- wqaatwt 2y agoI don’t think that being partially owned by the state and the overall convoluted and organizational structure (unions etc.) have helped VW’s stock. It hasn’t been doing that well for a while and is quite cheap
- tobias3 2y agoSocial security for Tesla!