noblepa wrote: ↑Thu Dec 22, 2022 9:29 am I'm no business analyst or EV expert, but it seems to me that Tesla may be in for some rough times ahead, even ignoring the rumors that customers are bailing because of Elmo's Twitter adventures.
For the past ten years, Tesla has been the big name in Electric Vehicles. They had the market largely to themselves. Even with that advantage, as I understand it, Tesla has had only a couple of profitable quarters.
Now, the big, traditional auto makers, such as Ford, GM, Toyota, Honda and Nissan are moving into the EV market in a big way. Those companies have large dealership networks and better reputations for quality construction. I've heard a lot of people say that Teslas are not built very well and have lots of mechanical and electrical glitches.
A fair amount of Tesla's revenue has reportedly come from selling pollution credits. Now that other players are ramping up their own EV production, they may not need to buy credits from Tesla.
Will Tesla be able to compete in a market with so many big-name, deep-pocket players?
Doubtful.
I look for them to end up a division of someone else. Ford or VW are my picks.