Cost of ownership is far less. Electricity is cheaper and more efficient than petrol. No service/ maintenance. Less parts, less problems. I've had my EV for 1.5 years, and I've done zero service/maintenance/repairs.
You are correct about federal tax credit. States vary. NJ is $5K.
I’m not disputing any of that. It is a great product, but not an affordable product. That’s why it can’t capture the market share it needs for the valuation.
Very true. Until Telsa come up with a well performing model for $20-25K, the majority of the market will not be accessible to them.
TSLA EV market share in Europe is on the decline as VW took the lead. If the tax credits/rebates disappeared tomorrow TSLA would tank.
Does Tesla have a factory in Europe? No. Does Tesla deliver to every European county every month? No. So I'd be curious to see which time periods you're cherry picking. Regardless, just wait till Giga Berlin starts pumping out Model Y this summer, with the front and rear casting, and Tesla's own 4680 battery cells.
A very techy car company no doubt, and yes they have many potential branch out options, and all that future revenue is part of the bull case, I don't argue against that. But right now their revenue is from auto sales.
Doesn't sound like a Bitcoin problem. It sounds like some people are dumb as hell.
My bad - I meant regulatory credits. On that note, Tesla isn’t profitable based on its sales - it sold $428 million worth of regulatory credits in the last quarter. Nevertheless, sound like a typical Robinhood trader. Come talk to me when Tesla craters. Yeah, most companies have a PE ratio of 1,680. Apple has a PE of 39. Google 33. Amazon 90. Tesla didn’t even hit its 500K delivery target. All you need to look at is how the Robinhood traders are buying up Options (which they don’t even understand) to realize Tesla is a bubble. I’m not saying Tesla isn’t a great company led by a visionary. I’m saying Tesla’s valuation is dot.com era nonsense.
how is cost of ownership less? your math is going to be fun math?
agree with you and Frida
Amazon stock also cratered after the dot.com bubble popped and took years to recover (IIRC).
It may be an excellent comparison. TSLA can crater for a few years yet they still can emerge as a transformational company. This is what happened with Amazon. Excitement about the vision of what Tesla can be is outpacing what it actually is in the present.
Funny that you are calling out people for cherry picking. You flip back and forth when it suits you. It’s market share when compared to volume and growth when talking about production and sales. One thing we do know is that the stock is performing. Congrats on that.
Vastly different as one revolutionized purchasing and delivery on global scale while the other relies on govt to sell its product to a consumer base that is very small by comparison
Model 3 vs A5 vs Camry
If you bought AMZN at the very peak of the dot.com bubble, and held it till today, you'be up about 20x.
Regulatory credits? Great! I have no problem with other car companies paying Telsa hundreds of $millions. It's like Tesla can build giant factories for free. See: Wright's law, S-Curve adoption of disruptive technology. Tesla continues to drive down the cost of batteries, improve energy density, and lower manufacturing costs. Since Tesla is vertically integrated, they can do all of these things faster than anyone. Elon said at Battery Day that his goal is for Telsa to better at manufacturing than any other company in the world. If you haven't seen the Battery Day presentation, I suggest watching. They've won the decade. It's not debatable.
GM’s rev for 2020 was ~$116B. It’s about profit margins. The credits help them sell cars at losses or BE to get market share.
We all know GM is currently a bigger company. That is not the story though. Or actually, is part of the story, in that the TSLA bull case includes eating into GM's market share.
