Re:Netflix is not a tech company (2019)
by adventured on Tuesday September 07, 2021 @07:21PM
(#28451041)
> Put another way: battery tech is Tesla's core business. They just happen to make cars as a way to sell batteries.
No it's not. That's a fake narrative that was invented by Tesla bulls to try to label Tesla as anything but an automaker.
It doesn't make sense to categorize Tesla primarily as a battery company or energy company. Batteries and energy (including solar) are a fraction of their business in terms of dollar value and that will continue to be the case. That has been true for nearly two decades now. And it's not a close comparison, the battery is less than a quarter of the cost of the car. For the Model S and X it's far less than that.
Tesla is an automobile company. GM and Ford are also not transitioning into being primarily battery companies. They're automakers.
Want to test this out? Kindly ask Tesla to immediately end their automobile business and start only selling batteries, see what happens to the stock and their P&L statement.
If in 20 years Tesla's battery business is finally larger than their automobile business, then sure, recategorize them.
No it's not. That's a fake narrative that was invented by Tesla bulls to try to label Tesla as anything but an automaker.
It doesn't make sense to categorize Tesla primarily as a battery company or energy company. Batteries and energy (including solar) are a fraction of their business in terms of dollar value and that will continue to be the case. That has been true for nearly two decades now. And it's not a close comparison, the battery is less than a quarter of the cost of the car. For the Model S and X it's far less than that.
Tesla is an automobile company. GM and Ford are also not transitioning into being primarily battery companies. They're automakers.
Want to test this out? Kindly ask Tesla to immediately end their automobile business and start only selling batteries, see what happens to the stock and their P&L statement.
If in 20 years Tesla's battery business is finally larger than their automobile business, then sure, recategorize them.