The inflated stock price is easy to explain: intangibles are part of the balance sheet.
In my guesstimation, Tesla will be making electric cars with a range to dollar ratio that can’t possibly be matched by incumbents for the foreseeable future.
VW and the rest are more capable of producing a refined car, but (again, my opinion) Tesla’s EV advantage is similar to the big three’s various inertial advantages that they enjoyed in the mid-20th century.
Perhaps more US-specific: buying a Tesla over something like a VW ID.4 gives you the supercharger network. It will be years if not decades before the general open standard charging network can compete with that benefit of ownership.
In my guesstimation, Tesla will be making electric cars with a range to dollar ratio that can’t possibly be matched by incumbents for the foreseeable future.
VW and the rest are more capable of producing a refined car, but (again, my opinion) Tesla’s EV advantage is similar to the big three’s various inertial advantages that they enjoyed in the mid-20th century.
Perhaps more US-specific: buying a Tesla over something like a VW ID.4 gives you the supercharger network. It will be years if not decades before the general open standard charging network can compete with that benefit of ownership.