Posts

Showing posts from December, 2022
 Contrary to what many people like to believe Musk isn't actually stupid. Stupid people don;t get into doctoral programs at Stanford. He actually has a record of founding and running highly successful companies. Tesla is the first successful new mass market automaker in decades (outside China). But his biggest achievement has to be convincing investors to value Tesla as a tech company not a car company. Even after a recent 70% fall in the stock price, Tesla is valued twice as high as Toyota, four times as high as BYD and nearly ten times as high as any of the Big Three US carmakers. That;s despite the fact that Tela makes far fewer cars than Ford, GM or Stellantis and is far less profitable. Supposedly, it's a "growth story", - except it has the oldest model line-up of any major carmaker. The Cybertruck and Semi will supposedly be released in 2023 - years late. The updated Roadster will also supposedly be released in 023 but isalsolikley to be dleayed. Best scenario ...