Re:Tesla Passes Ford by Market Value
by erikpukinskis on Monday April 03, 2017 @02:49PM
(#14025850)
Tesla has already announced plans to build vans, pickups, and semis.
Re:Tesla Passes Ford by Market Value
by dragontamer on Monday April 03, 2017 @04:14PM
(#14026696)
Tesla is _priced_ as if they are already building vans, pickups, and semis.
Edit: No, really. Ford sold over a million vans, pickups and heavy trucks last year, a market that Tesla has no apparent interest in entering.[1] The Toyota Camry alone sold 428,000 in 2014, the Honda Accord 328,000, the Corolla 340,000, the Ford Fusion 306,000, the Nissan Altima 336,000, and the Honda Civic 326,000.[2] The Tesla Model 3 will presumably be in that latter market (although those are roughly $10,000 cheaper), and if Musk is right about scaling his factory to 500,000/year, it will take a big chunk of it (but still, it's $10,000 more). (If it's in the BMW 3-series/Merc. C-class/Lexus range, 500,000/year would eat all of that market.)
[1] https://corporate.ford.com/content/dam/corporate/en/investor...
[2] https://www.bloomberg.com/graphics/2015-auto-sales/