“Tesla produced 103,000 vehicles in the first quarter; Toyota produced 2.4 million vehicles during that same period”
Investors betting that electric vehicles will supplant gasoline vehicles soon.
Toyota etc have little room for growth, market being saturated.
Tesla has room for 100x growth, supplanting an entire industry with new tech.
(100x: replace 10 competitors building 10x cars each. Currently, Tesla is the only viable EV manufacturer; rest are either existing co.s making half-baked attempts based on regulatory obligations, or startups facing impossibly long odds.)
The looming announcement of EVs built to million-mile specs will be an enormous win. I’m in the market for a pickup: do I get the gas truck with $100k total cost of ownership and will die by 250,000 miles, or the Cybertruck with $100k total cost of ownership and will run 4x longer?
Tesla stock seems impossibly high; so did Apple and other now-juggernauts at one point.
“ The looming announcement of EVs built to million-mile specs will be an enormous win.”
As will the announcement of cold fusion and a working flux capacitor.
Keep telling yourself that before you go to sleep.