With the push from Biden around EV, I reckon a public charging network will be ubiquitous like the Gas stations. May it’s time for other car companies to ramp up EV and change the game? Which car company do you think can seriously compete with Tesla? If you don’t think anyone can, please comment why. Blind Tax 350K
Toyota
Volkswagen
All of the major brands that already outsell Tesla in every other category of vehicle.
If you look at the number of cars delivered, yes the traditional automakers deliver far more volume. However, it is at *significantly* lower margins than Tesla. Tesla is absolutely raking in the cash at margins that the other automakers can only dream of (>30%). As an investor, I care about who's making the most profit as the world transitions to electric. Tesla is to EVs what Apple was to smartphones. Apple doesn't sell even close to the highest number of smartphones, but they make almost all the profits in the smartphone industry. It is very possible that by the end of 2022 Tesla will be making higher revenues than Ford or GM.
Google — where did you get profits from? I read Tesla 10K from 2020. Their gross revenue from all segments was I reckon close to30B. Their EBITD was 2B. This makes it 6.66%. Net operating income was 800M further less then 6% So how are you calculating 30%
Volvo and toyota has the potential
Interesting. Tesla, why do you think so?
Japanese/Korean/Chinese car makers (Nissan, Toyota, Hyundai, Nio) will eat away profit from model 3 and S . European, American manufacturers like Volvo, VW, Lucid will eat away profit from higher end cars
Nio probably best bet
This is the first time I'm hearing about Biden pushing EVs. Besides, Biden doesn't create laws, he only signs and vetoes them. I don't see this happening any time soon.
I love the etron. That spaceship sound is unbeaten
If Toyota had an EV I’d buy it in an instant over a Tesla. That’s what I keep telling myself, so we’ll see what happens when Toyota or Lexus release their electric vehicles
EVs are not the wave of the future. Fossil fuels will always rule.
Tweet that to Elon and see 😂