Reply to post: Personally I'm betting against Tesla

Largest ever losses fail to dent Tesla's bulging order book

russell 6

Personally I'm betting against Tesla

It isn't that there is no market for battery powered cars. The major players, such as Toyota, which also has the premium Lexus brand will eat Tesla for breakfast when they make the step, probable around 2020. Tesla doesn't make a profit, the big auto makers do and they are doing a lot of R&D inti EV's. A company in Germany annouced today it is going to construct a 34 Giga factory, with the backing of the German government and probably also German auto makers even if it didn't say so directly. Tesla is a minnow in a big pond with no experience of mass production. Kudos to Musk for getting the Tesla the ball rolling but its share price is not justified

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