Tesla allowed to sell and service cars in Michigan!
#31
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Yep you called it - and I was with you (post 35 and 50 for me of the same thread!) If the stock hits $600 they will have the equivalent market cap of GM, Ford, and FCA combined. As I said in post 35, it won't take 5 years to achieve that. Musk is setting up the chess pieces very strategically in where he establishes giga factories, when he does it, the impact that will have on other markets, etc. I'm still waiting for members here to admit they were wrong.. they know who they are! Oddly they aren't replying in any Tesla thread
Tesla's stock was up almost $40 (7%) the other day at times when it was reported they'd likely beat earnings on 1/29. I think you could see over $600/share in the next 2 weeks for sure with a good earnings call... and Musk hinted a few weeks ago that some more things were on the horizon. Keep it rolling! Tesla momentum is good for everyone as they push the envelope and force other automakers to be better.
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I really do admire an American success story and many naysayers were against Tesla for the longest time (other automakers dont want them infringing on their turf and sales). Strategically, the decision to do Model S, then X was brilliant over 5 years. It set up the framework to turbo accelerate production of Model 3 and Y and define a niche as a global automaker. Going global at such a break neck pace disrupts the norms of what it takes to produce a car. Model S and X was not a global threat product. Model 3 and Y and soon to come CyberTruck could add up to million units sold combined globally yearly once Gigafactories 1-4 are operational. It will not take much to add additional capacity in the US/China/Europe for Gigafactories 5/6/7. Honestly how can GM/Ford/FCA mount a realistic challenge to this momentum? There is a way forward and the next 1-2 years will define who's in the game for the long haul. I've already answered this in a separate post (main gist of it is enable your petrol car's to be 80% of what Tesla can do and smartly integrate the tech/hybridization to be around for the long haul, not until 100k miles and done. This approach will not need a charging infrastructure or massive battery mfg operation). We know computers have advanced significantly over 25 the last years -- car tech will also evolve, and so will the batteries as a power source. The day we see 400, 500, 750, and 1000 mile range EV's with quicker recharge capabilities will signal a gradual death of internal combustion engine complexity in favor of something simpler and needing 70% fewer parts (which also means 70% reduction in supply chain).
Now what we may be seeing is the start of a gradual shift to permitting Tesla to sell and service in all states, and modernizing dealer and franchise infrastructure. It's a global phenomenon now and Tesla has earned it on the hardest of paths you can travel to gain legitimacy and market share in the Auto biz. Everyone else before them tried to be too cute design wise (bolt, volt 1, volt 2, i3, mirai) that it wasn't really serviceable as a vehicle to have for the long term. There's far more $$ to be made on selling used cars and Teslas because they are likely to be around on the used market a lot longer than most petrol vehicles (100k ? no problem, 200k? no problem -- why is a 90k mile Tesla 2013 Model S commanding $35k used) The China EV adoption and integration will set the stage for the world to follow. Cleaning up the air in Bejing would be HUGE and a positive impact on the environment. GM/FCA/Ford and Europe have lost control of this zero emissions narrative for a greener planet.
#33
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It will be interesting to watch the roll out of this new settlement. Hopefully it will be a relatively smooth process for buyers. I'm sure that some work arounds to the process will surface.
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