Coming from Norway - on of the testing grounds of EVs, I remember when Model S hit the market back in 2012, or 2013? In either case, they were more or less the only EV you'd see around the time. And they were everywhere.
Fast-forward 10 years, and their presence has been seriously diluted. They're just another EV. If anything, they feel and look flimsy as hell - my coworker got a brand new last year, and I was shocked how...cheap it feels? My other coworker got a Toyota, which feels rock solid. Doesn't help that the Tesla has been in the repair shop twice.
So if I was going to judge Tesla, based on their cars alone, no way in hell would I value them like they've been for the past 5 years. Their market cap is twice the size of Toyota, and around 10-15 times the other traditional car brands (all whom are catching up in the EV market)
But, Tesla as a company does have some advantages. Their sales model, their charging system, etc.
Did Musk hit his goals? Sure thing. But I honestly don't think it was his strategy that alone that got him there - I believe a lot of the price increase came due to the world finally catching up with EV vehicles (and seeing the general trend of moving away from ICE vehicles to EV), and Tesla being at well-positioned. Then the meme-stock effect.
Model Y is has been the best selling car in Norway for the past 2 years. If it looks "look flimsy as hell", that says something about all of the Norwegians buying them.
Which companies are catching up ? Back it up with numbers you numb nuts.
How is it that big negative news about Tesla gets monstrous engagement and positive news is met with disinterest? I think there is probably another emotion going through the heads of those who love to slam Tesla.
I think you're correct, though if so the disinterest is shocking. This is one of the most significant events in the tech world in quite some time.
Since lately anything mentioning Elon devolves into a flame war, I wonder if there's some downweighting happening. I would guess not, but it is surprising. It does seem strange to have a story with 27 upvotes that is "an hour ago" that isn't on the front page.
Fast-forward 10 years, and their presence has been seriously diluted. They're just another EV. If anything, they feel and look flimsy as hell - my coworker got a brand new last year, and I was shocked how...cheap it feels? My other coworker got a Toyota, which feels rock solid. Doesn't help that the Tesla has been in the repair shop twice.
So if I was going to judge Tesla, based on their cars alone, no way in hell would I value them like they've been for the past 5 years. Their market cap is twice the size of Toyota, and around 10-15 times the other traditional car brands (all whom are catching up in the EV market)
But, Tesla as a company does have some advantages. Their sales model, their charging system, etc.
Did Musk hit his goals? Sure thing. But I honestly don't think it was his strategy that alone that got him there - I believe a lot of the price increase came due to the world finally catching up with EV vehicles (and seeing the general trend of moving away from ICE vehicles to EV), and Tesla being at well-positioned. Then the meme-stock effect.