Re:Is Elon Right?
by tomnipotent on Thursday November 24, 2022 @02:35PM
(#33735350)
Tesla has 68% of the electric car market, 20% of the luxury market, and 2-3% of the overall auto market. Where does your personal definition of successful begin?
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Re:Is Elon Right?
by maximinus_thrax on Thursday November 24, 2022 @03:11PM
(#33735681)
Are these numbers going up or down?
Re:Is Elon Right?
by ProjectArcturis on Thursday November 24, 2022 @03:38PM
(#33735964)
And, having (temporarily) achieved that market share, are they earning enough profits to justify their risk-adjusted cost of capital?
Their percentage is going down as the EV market itself is growing faster than Tesla sales.
Just not enough time in the market + Elon being good at capital raising and cheerleading. I'm not saying they're definitely a failure, I'm 100% saying there's no reason to necessarily believe that this sustains in the future.
"Tesla has a real shot at being successful" is definitely true. "Tesla is unquestionably already a success" is not.