Posted on 11/12/2019 10:36:01 AM PST by bananaman22
Less than a month after Tesla once again surprised traders by reporting a profit for the third quarter, Jefferies has raised its 2020 price target on the carmaker to $400, which would be the highest that Tesla shares have ever traded if its performance continues strong.
(Excerpt) Read more at oilprice.com ...
I guess their cars are cheaper to build than the amount they sell them for.
Too much competition coming from automakers that already make $$$ & are going into Electric cars now
There’s one born every minute, and two to take him.
The under 40 crowd lusts after Tesla cars. They are expensive, and have less utility than a comparable internal combustion powered car. But, they have gobs of tech, and are at the top of the cool factor for the climate change indoctrinated crowd.
My wag is that Tesla will prosper short term. Long term? Who knows?
Tesla could be a fine niche player... sticking to high dollar performance.. .but mass production? Once one or more of the big players moves in... they won’t be able to compete... don’t have the scale.
It’s like the tablet/smartphone market.
The computing industry was dominated by IBM, Microsoft, Wang, etc. They LONG worked on tablets (which smartphones are simply tiny versions of), and _never_ managed to pull it off despite [supposedly] having all the hardware & expertise needed to do so. Everyone thought a tablet was just a flat & touch screen computer, and everyone got it wrong.
Then came the iPhone/iPad.
A subtle change to user experience was all it took.
And ALL the computing juggernauts, having the solutions & patents in hand, STILL couldn’t get it right.
Microsoft completely blew it with “phones”. Twice. IBM is practically gone. Wang is unheard of now. Etc.
Seems the same is happening with EVs.
ICE car manufacturers just can’t grasp the subtle, but critical, difference between gas vs electric cars.
Tesla does.
Harley Davidson just came out with their ELECTRIC MOTORCYCLE.................
You would think that they would build a simpler car with LESS technology. The way I look at it is there is less to go wrong.
You mean the Electra Glide? ;)
[[[You would think that they would build a simpler car with LESS technology. The way I look at it is there is less to go wrong.]]]
Needlessly complex and uber expensive.
Not sure they want to, look at Mercedes which has thrived as a niche player for many decades. I have friends who pay well over $5K for bicycle and those companies don’t care about selling kid bikes to Walmart. It’s all about market positioning and understanding customer needs.
“Harley Davidson just came out with their ELECTRIC MOTORCYCLE.................”
Just can’t imagine a noiseless bike. Besides it is dangerous for the rider. You can’t here him approaching.
It comes with a deck of cards....................
friend of mine has one, fun to watch the auto-steer, and auto-park features.
He’s talking about getting a 2nd one.
I have no interest at all I don’t like spending big money on rapidly depreciating assets
More like the ID Glide....................;^)
Tesla is the Apple of the automotive industry.
” guess their cars are cheaper to build than the amount they sell them for.”
All the car companies sell for less than their costs but they make it up on volume.
:D
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