WetEV wrote: ↑
Wed Jan 22, 2020 12:17 pm
EatsShootsandLeafs wrote: ↑
Wed Jan 22, 2020 11:51 am
Stock is $586 now.
I am sure glad I don't short this stock but come on, but...uh, that valuation makes no sense at all.
The valuation makes sense. Assuming Tesla gains and holds a monopoly on electric cars as electric cars expand to cover most of the market, that price is still cheap.
Yes, assuming Tesla can monopolize the EV market it's cheap.
There is no reason whatsoever to think it will monopolize the EV market, IMO.
EVDRIVER wrote: ↑
Wed Jan 22, 2020 3:36 pm
On the EV front they are many years ahead and continue to stay that way.
The Taycan is widely considered to superior to the Model S. Porsche's first attempt. This is not surprising, though, as Porsche has been building cars forever.
People still don't get it. They still, still, still don't understand why other manufacturers haven't come out with a decent EV. It's pretty obvious: they haven't bothered. Why would Ford come up with a money-losing EV when they can crap out F150's at thousands in profit/per? Other manufacturers are slowly coming online with EVs. Very slowly, because they actually need to make money, and they know EVs are still an almost irrelevant part of the market.
Porsche has surely muted naysayers who insist dinosaurs cannot make EVs. And when Toyota tries, and Ford tries, and VW tries, then what?
Tesla bulls keep pumping the stock up to absurd levels, insisting other manufacturers cannot make an EV, and pointing to goofy compliance cars as proof. They've never bothered to look one move further and ask why the other manufacturers are only making goofy compliance cars.