Tesla was able to corner consumer EV market because they wer...
Tesla was able to corner consumer EV market because they were first. Since then their market share has shrunk and within 5 years most major car companies will have larger MS than Tesla for EV. They are far from first to market with Semi trucks so do not have the possibility of capturing market before others.
Once Tesla has to operate in a real world market with competition from competent manufacturers they will not stand a chance. Tesla will be the Myspace of the EV world.
$Tesla(TSLA.US$
Once Tesla has to operate in a real world market with competition from competent manufacturers they will not stand a chance. Tesla will be the Myspace of the EV world.
$Tesla(TSLA.US$
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TeslaSmurf :
So tell me WHY Tesla is making more profits than Toyota which sells 8x number of cars ?
ICE car brands are FORCED to shift to EVs for evironmental and geopolitical reasons (independency on petrol exporting countries like Iran, Arabian kingdoms and Russia) but they don’t want to as most loose money on earth EV they sell: they have plenty of debt, their sales numbers are decreasing and they have to make more debt to finance the shift to EVs that they sell at loss. Not a sustainable position.
States help them with public money (incentives for buyers, tax discounts and capital contributions or no interest loans etc.) but TESLA, which is highly profitable, already mass-produces EV and has virtually NO DEBT, takes the most advantage. The future is even brighter for Tesla. Others are at serious risk.
ByeByeFiat : Parody account of Ankur Tiwari? Show us your shorts.