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this post was submitted on 08 May 2024
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I can't believe it's still at 170+. People must really not realize that the first mover advantage is over, and Tesla has had their moment already. They are not going to lead this change to evs. Most manufacturers have good or better electric cars now.
Also people can't afford them. Current prices are ridiculous. The company that brings low price evs that are good enough will dominate the market the next 5 years. It won't be Tesla.
The fact that a single company is higher valued than the entire car market should ring all alarm bells. Because afaik is Mercedes already ahead of Tesla in regarding (autonomous) self driving. But don't quote me on it.
"The market" (stocks) has been and will continue to be divorced from reality but to play devil's advocate, Tesla and it's investors consider it "more than just a car company". It's still ridiculous, but that's the market for ya.