New Ferrari CEO is from outside the industry

[Cheib]

sparta6 said:

Cheib said:

sparta6 said:

Wilmslowboy said:

The world's fastest-growing, and most valuable car manufacturer (by market cap) has been run by a techie (industry outsider) for a decade and a half.

Tesla.

When will Tesla make a profit ?

When did Amazon first make a profit ?

I personally don’tt think Tesla will maintain its dominance of the EV sector but looking at its current profitability is in my opinion personally not the right metric.

As for the Luxury EV sector wh knows, will be very interesting to see how things play out. My guess is the tech component of cars will be as important as the luxury component and will be massively difficult for all the smaller car manufacturers like Ferrari to compete on.

Interesting times !

2003.
By contrast if you'd invested in Tesla 15 years ago you'd still be waiting for a yield !

I think you're right - and VAG will overtake Tesla in the luxury big barge EV sector.

I think VAG and its luxury brands are in a hugely advantageous position…look at the new Audi RS Etron GT….it and the Taycan are almost twins ! Hard to see how say JLR or any other small manufacturers like Ferrari can really compete with the tech advantage the VAG brands will have.

Yes they all have brand values etc but you still have to have a first rate product or that brand value diminishes. I know about three years ago JLR was still going down the line of wanting to develop their own EV powertrain as they saw that as a key part of their brand identity….but they’ve now given up that notion.

[Wilmslowboy]

ANOpax said:

Two points of order;

1) It wasn't possilbe to invest in Tesla 15 years ago as the company wasn't listed until 2010
2) Even if you had invested £1000 at the lowest price possible in 2010, it would be worth £173,000 today.

Edited by ANOpax on Tuesday 15th June 14:24

1. The 15 years date was from the post I was replying to (but yes IPO in 2010)
2. £1000 pounds in Tesla shares would get you over £200k today (and over £280k at the high earlier in the year) remember you also benefit from the currency move in pounds./ dollars.

[sparta6]

Cheib said:

sparta6 said:

Cheib said:

sparta6 said:

Wilmslowboy said:

The world's fastest-growing, and most valuable car manufacturer (by market cap) has been run by a techie (industry outsider) for a decade and a half.

Tesla.

When will Tesla make a profit ?

When did Amazon first make a profit ?

I personally don’tt think Tesla will maintain its dominance of the EV sector but looking at its current profitability is in my opinion personally not the right metric.

As for the Luxury EV sector wh knows, will be very interesting to see how things play out. My guess is the tech component of cars will be as important as the luxury component and will be massively difficult for all the smaller car manufacturers like Ferrari to compete on.

Interesting times !

2003.
By contrast if you'd invested in Tesla 15 years ago you'd still be waiting for a yield !

I think you're right - and VAG will overtake Tesla in the luxury big barge EV sector.

I think VAG and its luxury brands are in a hugely advantageous position…look at the new Audi RS Etron GT….it and the Taycan are almost twins ! Hard to see how say JLR or any other small manufacturers like Ferrari can really compete with the tech advantage the VAG brands will have.

.

Ferrari and Lamborghini have always done their own thing and not in direct competition with mass market offerings.

Not everyone wants new tech that rapidly becomes outdated.

Fortunately a handful of marques have alternative core values that resonate with clients.

Market will remain big enough for all tastes and budgets