The real attraction is hoping another EV maker that sells ca...
The real attraction is hoping another EV maker that sells cars few can afford will explode in valuation that makes ZERO sense ( $Tesla(TSLA.US$). Cars are a commodity business or have you already forgotten that?
Ford, GM and Volkswagen will eventually surpass all in electric car sales but because they are ACTUALLY profitable and not clipping gov rebate coupons to simulate profits (again $Tesla(TSLA.US$) you wont see nosebleed valuations. In this twisted stock market the time to sell a growth stock is when its actually making money, then on to the next fantasy billion dollar a year cash burner worth more than a small country.
Rather buy the company providing the tech for all these overpriced EV companies, you know..the ones that actually make money.
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John Dow : Lucid cars look very nice and travel farther per charge, but they are too expensive so they won't sell many.
woodfill John Dow: matter of time the I will introduce chaper car
Johnsh John Dow: that's exactly what tesla did...
ChclABkTHD : 100k cars sold per year at an ASP that's north of $100k seems... ambitious. Especially when a big chunk of those are supposed to be sedans.What's the highest number of S-Classes Mercedes sold during a single year?
THEWIZARD : GM and Volkswagen -
fWY3TQgFdr ChclABkTHD: I heard 225K...