Tesla will become a case study on how to completely waste the first-mover advantage.
For many people, the very term EV itself is still ubiquitous to Tesla.
And somehow Tesla is still worth more than every other non-Chinese automaker combined. $1.5T.
GM? $80B. Stellantis? $40B. Toyota? $280B. Mercedes-Benz? $60B. BMW? $55B. Volkswagen Group? Also $55B.
I’m sure I’ve missed plenty of others, but I could miss some 18 $50B automakers, and Tesla would still be worth more than all of them combined.
If Tesla was valued fairly, it would probably be at the tune of $5B. But I’ll never bet against it, because the markets can remain irrational for longer than I can remain solvent. And for some unbeknownst to me reason, the markets value Tesla as a hot tech company, not a 3rd rate automaker, which is what it actually is.
And to add insult to injury, even GM Super Cruise is widely renowned as better and safer than Tesla’s current “FSD”.
For many people, the very term EV itself is still ubiquitous to Tesla.
And somehow Tesla is still worth more than every other non-Chinese automaker combined. $1.5T.
GM? $80B. Stellantis? $40B. Toyota? $280B. Mercedes-Benz? $60B. BMW? $55B. Volkswagen Group? Also $55B.
I’m sure I’ve missed plenty of others, but I could miss some 18 $50B automakers, and Tesla would still be worth more than all of them combined.
If Tesla was valued fairly, it would probably be at the tune of $5B. But I’ll never bet against it, because the markets can remain irrational for longer than I can remain solvent. And for some unbeknownst to me reason, the markets value Tesla as a hot tech company, not a 3rd rate automaker, which is what it actually is.
And to add insult to injury, even GM Super Cruise is widely renowned as better and safer than Tesla’s current “FSD”.