Considering they are a new company on a manufacturing time scale, it's pretty impressive.
That's very impressive indeed and if they can keep growing like this few more years they will definitely have more revenue than any other car company and might be top 1 by cars produced in less than a decade.
But will they? All major car manufacturers bringing in more and more EVs each year and give another 2-5 years and it's all we are going to see. Now why on earth would I buy Tesla, if I could buy Audi or Merc instead?
Considering they are a new company on a manufacturing time scale, it's pretty impressive.
They're a new company but they're also not that new anymore if you consider that they've been an established player for years now.
Established players rarely grow quarterly sales(in units) by 70% in one year on top of 40% growth previous year, with expected almost doubling next year.
The other day I heard someone say that Rivian intends to deliver 40,000 vehicles next year, total. Musk runs his mouth on a lot of stuff, but it's pretty hard to knock his manufacturing when he's got a 20x lead on the competition. Hell, I was blown away by how quickly Starlink went from concept to reality, but figures like these really help put the scale into perspective. It's like capitalism down to a science, for b…
Not to disagree,but for different perspective 1. How long has Tesla been manufacturing vs Rivian 2. How does Tesla compare to Toyota I feel it's all apples and oranges both ways. They're all in different manufacturing maturity place
Tesla was founded in 2003, Rivian in 2009. So Tesla took five years to start Roadster production, while Rivian has taken 12 years until first customer deliveries. Maybe Rivian will ramp faster. Sam Korus tracks the numbers and so far Tesla is ramping faster than Ford, making it the fastest ramping car manufacturer in American history. I wouldn't be surprised if some Chinese companies could go faster. It is much faster than what Toyota did. They are very methodical, which is why they have almost zero pure EV sales.
Yes, and as long as enough investors believe in that thesis, it'll stay where its at. What's Uber's stock price and valuation after burning $30 billion dollars and still not turning a profit? (Uber picked in particular because I'm familiar with their financials)
Hasn't Tesla now been consistently posting profits?
Yes, but if their profits stayed consistent at current rates the stock price would be quite high compared to other companies. It's price-to-earnings ratio is 408, meaning it would take 408 years for it to buy all its outstanding stock just from earnings. By contrast Ford's is 16 and Alphabet's (Google's) is 29.
The 408 ratio is justified by the assumption that earnings will be a lot higher in coming decades.
That's very impressive indeed and if they can keep growing like this few more years they will definitely have more revenue than any other car company and might be top 1 by cars produced in less than a decade.
But will they? All major car manufacturers bringing in more and more EVs each year and give another 2-5 years and it's all we are going to see. Now why on earth would I buy Tesla, if I could buy Audi or Merc instead?
You could have gotten a BlackBerry or Nokia phone as well but people moved on to Android and iPhone. Tesla is too far ahead.
Wow, didn't realize there was such a discrepancy between Model 3/Y volume and Model S/X volume. I expected it to be substantial but not a 25x difference.
I mean, a Model X with some options hits $110k quick. A fully kitted long range Y is about $65k. That latter number is a lot still, but way, way, way closer in the range of what an above average income earner can afford. There is also the absurdity of spending $100k+ on an asset that depreciates so heavily. My spouse and I make enough money to afford this car without much thought, but there isn’t a chance in hell I’d…
You could nearly double your range by buying two model Y’s it would give you around 600 miles — a much better price, and theoretically you could tow charge one and charge it, so it’s not out of the realm of possible.
To be fairrrr, only people that have range anxiety are those that listen to the oil and gas industry.
> They're all in different manufacturing maturity place That's true, but the electric car race began with the Model 3 and is going to continue to outpace Rivian 50x next year if the volume expectation are correct [on both sides]. Rivian coming out with these cars is unlikely to capture much of the market anyways, given they're both over $65k. It's like Rivian's 10 years behind Tesla in maturity (besides their range f…
Established players can't produce these numbers for their own EV's so you believe a startup will? Do people remember how much shit Tesla went through?
I think Rivian will take the startup approach and pack as much density into their battery, even if it means sacrificing a large chunk of their margin. The r1t is supposed to have a weight of 8500 pounds[0], so I can see a 150-200kwh battery being packed in there on the Max pack to achieve that range.
Wow, didn't realize there was such a discrepancy between Model 3/Y volume and Model S/X volume. I expected it to be substantial but not a 25x difference.
They pulled the Model S Plaid Plus, so I'm sure some cancelled orders