Re:Tesla Q1 2021 Results
by oblio on Tuesday April 27, 2021 @03:45AM
(#26953176)
> 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.
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.