Totally agree. I gave up trying to understand the stock market. It’s like chasing tulip bulbs now.
At least with Tesla, it’s possible (not likely) that some of Musk’s crazy stuff might actually make money.
Rivian looks like a pure play on electric vehicles. With a ton of competition on the horizon. Good luck guys.
The cost to entry on production of 4 Ton Cargo vans chassis just isnt very high. Seems like something that will be produced in mexico, india and china in mass.
Back in the day, when UPS was the delivery kings, 5 ton UPS trucks were cheaper per mile in fleet service than 3.5 ton ford Vans. Ultimatly we are talking boxes on wheels, with no need for upgrade before 20 years of serivce, just new marketing decals, the EPA and california air board has little to say about a electric motor and a universal battery pack. Now if they can replace a battery or the electric drivetrain with 4 hours of shop labor we are looking at the B52 100 year thing in service. Problem is after 15 years for the manafacutres of a class of electric vehicles everything but parts sales goes to near nothing. Keeping a drivetrain working for city delivery service is a challenge, as long as the breaks dont squeak, good luck.
Electric motors already are 85% efficent, there is 12MPG to 24 MPG to 36 MPG generational drivers we saw in VANs over the last 4 decades. Electric motors are rebuildable until they burst into flames. Mega Battery Builders still seem to be the drivers of the industry.
Sometime soon all EV batteries will reach a standard form factor just to sponsor a rebuilding repair industry making entering the market foolish for anyone looking to make a killing.