Re:Tesla Q1 2021 Results
by aero-glide2 on Tuesday April 27, 2021 @02:39AM
(#26952777)
Lets start with two assumptions. In 10 years, majority of cars sold will be electric. Majority of cars sold will have self driving capability. Tesla is a leader in both. Much of the traditional knowledge companies have about ICE engines do not help them build a better electric car. That knowledge is worthless for the future.
Stock price represents future value.
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> Much of the traditional knowledge companies have about ICE engines do not help them build a better electric car.
True, but look around at the electric platforms being developed by traditional car companies. Mercedes has one, BMW has one, VW has one, Nissan has one, etc.
Most of them will be transitioning. The stock price represents future value where that value is Tesla absolutely crushing everyone else, which we can now say with ~80% confidence won't happen. Irrational exuberance.
In electric cars, the battery is the only “hard” part, and that is (or maybe just was) “third-party” even for Tesla.
And level 2 is not self-driving and is just dangerous. And I don’t see how would we get to level 3, let alone higher levels.
And stock price represents.. basically hype, which is remotely may be based on some figures.
> Majority of cars sold will have self driving capability.
Self-driving is always around the corner, just 5 years away.
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