https://www.teslarati.com/tesla-elon-musk-disappear-lose-80-percent-value-nyu-professor/
“Prof is a pedo” comment from musk anytime now
He does look like one TBH
*lose
Ah, well, it was a professor, so he must know what he’s talking about.
A professor of marketing. Must know his stuff
Those who can’t do, teach.
NYU business school is pretty reputable. They are pretty much the only one who have a dean of valuation and he frequently gets things right. It’s hard to predict future and I disagree with professor but he would be right if it was any other car manufacturer. But his mistake is that Tesla is like any other car. It’s not
He is right that auto companies are low margin play but Tesla doesn’t have to resort to being that. The competitors to s class are Porsche taycan and model 3 is outselling probably every comparable electronic car. The alternatives are more expensive and have lower range. Maybe rivian will eat up the pickup market share. But Tesla has cost and efficiency advantage in batteries. That’s the most expensive component of an e car. And no one can match their supercharger network. And their self driving is currently top of line. I think professor has misunderstood the field and not seeing the full picture.
I was driving a 10 year old car before I got my model 3 recently. If it weren't for the self driving features and the car updating over time, I would have kept driving old used cars. I'm guessing there are many people like me so they can do more than just take market share from the other luxury car brands. They're bringing more people into the luxury car market and for those people(like myself, there is no competition). Taycan is out of my budget and basically nobody else has comparable autopilot features available.
Prof Galloway is the best! https://www.youtube.com/channel/UCDhrtgAGXyecXofKYBNpRqA
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