I'm smiling. A month ago I posted on FR that people should buy Tesla stock, it was a little over $500 a share, and mentioned that it would double. I wasn't thinking it would happen so quickly, closed just under $1000 today. Smiling because I bought some.
Ford is panicking because all their apples are into selling trucks, but Tesla is going big into truck manufacturing, using their profits from sedans and SUVs to sell cheap trucks. Ford may sell a lot of cars now; check back in 5 years to see how they're doing.
Yep, Ford should have had battery cars on the road, even if they weren’t “hot stuff”, so they could be learning about building the nice stuff, by monitoring the low end stuff already shipping.
Now they are attempting to ship electric trucks and electric cars to compete at the Tesla highend, and in the end, it’s all basically junk.
If they don’t get the F150 electrified, and done correctly, Ford will die just like GM.
BTW, GM is dead, it just hasn’t quit emitting cars yet.
Though I do love me a C8 Corvette... I just doubt they will live long enough to ship many of them, unfortunately. And it should have been electric, no matter how much I may love the sound of a V8.
Well it’s a hell of a move and I’m happy for you.
But Ford and everyone else is going to be waist deep in EVs in 5 years. Already the Germans, even Porsche, has EV versions of their cars.
EV makes a lot of sense in many ways.
I see Tesla sort of the way I see (or saw) Amazon. Amazon lost money nearly every year for decades. They survived by selling bonds and raising public capital to expand. If they have to survive by their own cash flow they would either have much smaller businesses, higher prices, or gone out of business. But that’s capitalism and forward thinking.