Re:Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag
by robocat on Thursday April 25, 2019 @07:24PM
(#19753462)
> Model S has been out since 2013 and there’s still nothing as good on the market from any other manufacturer.
Sales of the S are flat and the profits hardly make a dent towards my suggested $5 billion earnings.
> They have a huge head start
In some areas.
Hybrid cars have much of the same technology and no charging station limitations - they compete with full electrics. Hybrids sold 4 million in US 2016 compared to Japan's 5 million sold.
> To say nothing of their charging network and the issues legacy brands will have fighting with dealers.
Sure, but it looks like Tesla needs say 10x more sales to get $5 billion earnings. Another competitor only needs to deploy a little faster to catch up.
To Elon’s point the Model S has been out since 2013 and there’s still nothing as good on the market from any other manufacturer.
They have a huge head start to say nothing of their charging network and the issues legacy brands will have fighting with dealers.