Tesla most valuable automaker in the world
Discussion
https://www.bloomberg.com/news/articles/2020-07-01...
4% of Toyota's sales...but the market bets on the future of course.............
4% of Toyota's sales...but the market bets on the future of course.............
I think what they did early was to realize that the recharging infrastructure was as important as the car itself and they built it out simultaneously with the car.
Secondly they used the applications differently with overnight upgrades when the rest of the manufacturers were using the dealers to do upgrades.
I have driven several of them and they are not my cup of teas , but they have shaken up the automotive world.
Secondly they used the applications differently with overnight upgrades when the rest of the manufacturers were using the dealers to do upgrades.
I have driven several of them and they are not my cup of teas , but they have shaken up the automotive world.
This is really not about whether you like Teslas or not.
Take the early days of Amazon. No profits. Lots of people hated it.
Microsoft...software was buggy and did not scale.
It is not that important in the early days if a company makes a profit as much as whether it has a credible growth plan. The institutional investors make up the bulk of the float, not retail people. They are certainly not sitting around comparing acceleration times. The fact is that Tesla has a compelling growth story that the market likes. Could they be wrong? Absolutely.
Yet, they are causing the entire auto industry to retool at great cost and to rethink their distribution strategy. Tesla less direct in North America, no dealers. Another major difference in their cost structure.
No I am not a fan of the car more because I like cars with razor-sharp handling, but that is not a particularly important view in terms fo volume sales. I do not actively invest myself and prefer to spend my time working in new things, but of course it is one of those companies where hindsight is 20 20. Apple, Google, Netflix, Microsoft and so on...the list is endless. I think Tesla will do well though.
Take the early days of Amazon. No profits. Lots of people hated it.
Microsoft...software was buggy and did not scale.
It is not that important in the early days if a company makes a profit as much as whether it has a credible growth plan. The institutional investors make up the bulk of the float, not retail people. They are certainly not sitting around comparing acceleration times. The fact is that Tesla has a compelling growth story that the market likes. Could they be wrong? Absolutely.
Yet, they are causing the entire auto industry to retool at great cost and to rethink their distribution strategy. Tesla less direct in North America, no dealers. Another major difference in their cost structure.
No I am not a fan of the car more because I like cars with razor-sharp handling, but that is not a particularly important view in terms fo volume sales. I do not actively invest myself and prefer to spend my time working in new things, but of course it is one of those companies where hindsight is 20 20. Apple, Google, Netflix, Microsoft and so on...the list is endless. I think Tesla will do well though.
BlackLabel said:
And up and up they go.
“ Tesla's seemingly endless rally hit a new milestone on Tuesday: the electric car maker is now worth more than $500 billion”
https://markets.businessinsider.com/news/stocks/te...
and Elon Musk now richer than Bill Gates.....“ Tesla's seemingly endless rally hit a new milestone on Tuesday: the electric car maker is now worth more than $500 billion”
https://markets.businessinsider.com/news/stocks/te...
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