Helo80 wrote: ↑
Sun Oct 08, 2017 1:41 pm
Of course it's scary... it's the point I was trying to make over in the Personal Finance forum about Tesla being a lottery ticket or not. Tesla is worth like more than Ford, GM, FCA, BMW, and other automakers.
Tesla makes cool cars, but Musk promises more than he can deliver, IMHO. Mercedes, BMW, GM, and others are ramping up their EV investments. The arguments I have read on BH is that Tesla has first movers advantage (and other MBA class terms) on the EV market and that's why Tesla will win long term. Alrigghhhtttyyy theeeennnnnn.............
I still think Tesla's long term play is being a leader in battery production, not cars...
I think first mover's advantage and the willingness to forgo short term profits in favor of substantial expansion are Tesla's bread and butter. Production delays aren't great, but given the head start they have I don't think they hurt Tesla a whole lot either. What matters most if whether they can execute and deliver on the Model 3 over the next year and change, not whether they're on schedule or 3-6 months behind.
Besides that, they have...
What IMO is the best battery management system (BMS) in the industry.
Good margins on the S/X.
No dealer network to cater to/deal with.
The supercharger and destination charging network.
The Powerwall, which is the lowest cost warrantied storage battery I've seen.
Solar City (helps offset their supercharger costs, allows them to offer a fairly complete home energy/transportation package to buyers).
And they're aggressively pushing down battery costs and increasing durability thanks to Jeff Dahn and co.
Their current valuation is between Tesla as a premium high'ish end EV maker and Tesla as the auto/energy sector equivalent of Amazon.