The current potential customer base for Tesla and other EVs is pretty much limited to those who can afford to buy or rent two cars or trucks... one of which is gasoline powered ... or those with one vehicle who only drive locally.
I don’t think that this translates into millions of Tesla’s sold a year ... I could be wrong but I doubt it. But I don’t doubt that the Tesla stock price seems to be discounting this big an anticipated continuing sales number.
Afterward: Maybe why the move to China?
STAND UP FOR INTERNAL COMBUSTION!
7 comments:
The average number of cars per household is 1.88. How is having a Tesla and a gas vehicle any more market limiting for EVs than having a Ford and wanting a Chevy for GM? Out in the wide-open spaces of flyover country, an EV would be limiting. But in the urban areas, having a commuter EV that also serves for shopping, family, culture, and hobbies makes great sense. The problem I see is when you get a second EV looking for an overnight charge at home.
Most multi-car families will require two or more gas cars for commuting. As I have said ... a Tesla is a very expensive golf cart. See my afterward comment too. Are you a buyer of Tesla stock?
I transacted a few years ago. 40 shares. Bought at $80. Sold at $210. Had previously bought SolarCity that was acquired by Tesla.
https://www.businessinsider.com/why-china-loves-tesla-elon-musk-2020-5
Re your Tesla trade ... oh ye of little faith ...
If Tesla tops out at 2 million per year here ... it might be as high as 8 million a year in China. This just might justify its current stock price.
My faith currently is in Moderna, Chewy, and Zoom.
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