Whoopsy:

Something is wrong, on both side of the equation.

 

Seemingly wrong, yes. Market cap of Tesla is in the same ballpark as Daimler or BMW. The industry is at the beginning of a huge change process. Tesla so far has been leading the change and therefore they are overvalued while the traditional companies are undervalued (Daimler and BMW stock is very cheap these days). The german "traditionalists" all together are investing 40 bn Euro into electro mobility (a number not far away from Tesla's market cap) - I don't know about Ford. From my experience a first mover premium only is sustainable if the first mover is very fast in gaining market share - we'll see.... I very well recall when in the eighties every analyst predicted the death of the german automotive industry (with the exception of the luxury niche) because the Japanese would completely own the mass segment...


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Daily Driver 991 Carrera T (June 2018), Canyon Carver 981 Spyder, Track Machine 997 GT3