Re:Rivian valued at over $100B after biggest IPO of 2021
by specialist on Thursday November 11, 2021 @01:27AM
(#29185050)
Yes and:
> will be 100% electric with their own batteries
And their own mines. From my casual reading, only the Chinese manufacturers will have comparable integration, economies of scale, efficiencies.
Even so, I think you are still understating Tesla's many competitive advantages.
The biggest one, IMHO, is Tesla insurance. As Warren Buffet has shown with Geico, this is among the lowest cost capital available. Meaning Tesla will have even better financials than their competitors.
It's such an obvious idea. It still baffles me why GM chose loans over insurance, GMAC, all those years ago.
If you look at their timeline for EV scaling, its laughable.
And sooner or later the ICE market will collapse and expose the terrible economics on their EVs.
Turns out mass manufacturing ICE engines doesn't actually magically make you good at batteries.
Tesla growth will have them overtake companies like BMW and Geely within 2 years. 1-2 years after that they will overtake Ford and friends. By then GM might have lost another million of so in sales as well.
By 2025 Tesla will be one of the bigger car makers on the market and will be 100% electric with their own batteries, while most current EV makers will not even be at 40% electric sales.
You are totally misguided on how easy it is to make batteries and EV a commodity. And you assuming that other manufactures can magically do it better then Tesla despite a huge amount of evidence that they simply can't.