News for hackers. Stuff that matters.

A comment on Elon Musk texts Larry Page about investing in Tesla (2018). Parent comment

Re:Elon Musk texts Larry Page about investing in Tesla (2018) by klelatti on Saturday April 23, 2022 @04:08PM (#31138009)
Apple’s market cap (and profits) is an order of magnitude higher than that of the old phone market that it led the destruction of (Nokia etc).

Not saying Tesla will do the same but transition to EVs will clearly fundamentally change auto market.

[ Parent | on HN ]
Re:Elon Musk texts Larry Page about investing in Tesla (2018) by sudosysgen on Saturday April 23, 2022 @04:46PM (#31138353)
The difference in design and potential between an EV and ICE is an order of magnitude less than between a smartphone and feature phone. The likelihood some traditional carmaker will beat Tesla at EVs eventually is fairly high. Meanwhile, Tesla can never hope for a serious lead on margins there.

The hail Mary is self driving.

[ Parent | on HN ]
Re:Elon Musk texts Larry Page about investing in Tesla (2018) by klelatti on Saturday April 23, 2022 @05:36PM (#31138836)
> The likelihood some traditional carmaker will beat Tesla at EVs eventually is fairly high.

This feels a lot like the statements people made about Apple at the start of the smartphone revolution. Plus they’ve had a long time already to beat Teslas at EVs - if they haven’t by now why should they in future?

[ Parent | on HN ]
Re:Elon Musk texts Larry Page about investing in Tesla (2018) by sudosysgen on Saturday April 23, 2022 @08:02PM (#31139943)
They're pretty close to beating Tesla by now, no? Tesla has 14% market share, with VW now at 11%
[ Parent | on HN ]
Re:Elon Musk texts Larry Page about investing in Tesla (2018) by martin8412 on Sunday April 24, 2022 @04:43AM (#31142274)
Because they didn't care to.
[ Parent | on HN ]