Get Ready for a Pileup, Tesla

WSJ ^ | 10 April 2019 | Holman Jinkins

[DUMBGRUNT]

Now Wall Street finds Tesla sales are not adding up as hoped this year. Morgan Stanley is forecasting 344,000, below the low end ...

Worse for Tesla, the $7,500 rebate will continue to apply in full to a tidal wave of electric cars about to hit the U.S. market. This onslaught—coming from Mercedes, VW, BMW , Volvo, Porsche, Nissan, Kia, Hyundai, you name it—is the fruit of an estimated $300 billion in capital the industry has committed to building money-losing electric cars...

Unfortunately, unlike these companies, Tesla needs to make a profit from its electric cars. It doesn’t have a gasoline-car business...

he world’s traditional car industry, even as it continues to churn out 79 million vehicles annually, has been incentivized everywhere to divert some of its profits to making life miserable for the one company that genuinely thirsts to make electric cars and needs to be able to make them profitably.

[catnipman]

can read this WSJ article here:

https://www.reddit.com/r/RealTesla/comments/bbeyer/get_ready_for_a_pileup_tesla/

[DUMBGRUNT]

Here it be.

[Paal Gulli]

Tesla was never going to be a success because the hard part of building a marketable electric car is the car part, not the electric. And the other manufacturers — who already have build quality nailed — were always going to “Preston Tucker” him as soon as he threatened their market share.

[DUMBGRUNT]

the hard part of building a marketable electric car is the car part, not the electric

OK
Then where are all the successful competitors?

Nissan Life?

Chevy Bolt?

BMW I3?

Tesla leads the pack.

[nascarnation]

Interesting that the guy who is going to save the world from evil carbon cavorts around in a Gulfstream G650ER.

[jjotto]

Nothing wrong with EVs as a solution to peculiar geographic problems where ICEs choke inversion areas with pollution, such as Chinese cities and Southern Cal. But there’s nothing net ‘greener’ about them.