Re:Tesla races past $100B in market valuation
by jfengel on Wednesday January 22, 2020 @12:37PM
(#22119860)
The two are pretty much comparable. Published numbers give the Tesla a slight edge[1], but they'll both sell well to the limited set of people who want to spend well-into-six-figures on a car boasting speeds they can't actually do legally.
That's not really Tesla's market, though. Tesla began there because it was a way to get large profits from a small number of vehicles. Porsche wants to stay in that market, but Tesla wants to sell larger numbers of mid-range cars at more modest profits -- partly because that's where the money is, and partly because Musk has bigger plans for electric infrastructure. They'll also continue to play in the performance range, because they can and because it makes good marketing -- even their low end models produce insane torque.
That's not really Tesla's market, though. Tesla began there because it was a way to get large profits from a small number of vehicles. Porsche wants to stay in that market, but Tesla wants to sell larger numbers of mid-range cars at more modest profits -- partly because that's where the money is, and partly because Musk has bigger plans for electric infrastructure. They'll also continue to play in the performance range, because they can and because it makes good marketing -- even their low end models produce insane torque.
[1] https://www.cnet.com/roadshow/news/porsche-taycan-turbo-4s-t...