Returns among EV vs other autos over 5-year span. Tesla $Tes...
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Anyway : Okay. Let’s put this into perspective. $Tesla (TSLA.US)$ was the pioneer in the EV industry and could ride the first wave. Over the last couple of years it became evident that combustion engine is a thing to deinvest from. When it comes to Chinese companies, like $NIO Inc (NIO.US)$ you need to take into account subsidising by state, which is seen by the EU as unfair commercial practices. Right now EV is not a novelty but is heading to be a de facto standard because there are no other alternatives. There are many more players on the market with unique proposition, like $Rivian Automotive (RIVN.US)$.
Konomasa : Honestly Tesla is a trash vehicle but because of the name and features ppl buy into it. But all the other makers have great ev’s the problem is every single one of them is stuck. And don’t know how to look to the future and that’s why Tesla is winning.
Anyway Konomasa: Rivian has got secured pretty good deals with big brands. That gives them pretty stable customer base. It should go out of the current ditch and start raising again just because of this. Apart from that it is no longer locked into one customer. If AMAZON and AT&T keep buing. the numbers will follow and confidence will get restored. That’s what I think about it.
Anyway : Electric vehicles could cut oil imports by same amount as new North Sea licences - analysis