Re:Why Tesla stock is vastly overpriced
by ashtonkem on Sunday December 20, 2020 @01:51PM
(#25488573)
Betting that every single one of those car companies will die is a wildly risky bet. One can believe that Tesla might replace one of them, but all of them? Be reasonable.
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There are a lot of companies dedicated to EVs. The larger companies are going to have to buy the smaller winners to be relevant. The issue is the dealer network laws are going to hurt the existing companies, I think.
NKLA (seems like a scam), NIO (seems really good), and with a huge amount of SPACs buying EV companies, they are going to have lots of room to grow. Also many of these companies have been operating for a decade trying to create a product like KNDI, PLUG and they are getting closer with their products. I didn't jump into TSLA early as it wasn't profitable, but now they are making money so it fits my investment principles.
Take a look and do some research here at the competitors to the traditional car dealers [1].
[1] https://docs.google.com/spreadsheets/d/1sKMfBZNkHdvaVKmweuv3...