Nearly half of Americans say it’s unlikely they’ll buy an electric vehicle as their next car: Poll https://www.cnbc.com/2023/04/11/nea...-ev-next-poll.html?__source=newsletter|msapac
As usual, you like to slide from one point to another. 2020 was an all time high for many tech companies on the stock market, TSLA included, and all are very slowly climbing back. While we'd all like to see a perfect correlation between share price and company performance, reality is different. Case in point, Tesla continues to perform or outperform its growth guidance, yet its share price is slower to reflect it. But you know that.
The car people put Tesla 3 as a luxury mid size I think. The Tesla 3 outsold BMW 3 series, Audi A4 and MBZ C class in Germany, the rest of Europe and the US last year. That's not just EV vehicles, that's all luxury mid size vehicles.
Really. And I think the Model 3 is the cheapest model they sell, yes? Imagine if they came out with their version of the Smart Four-Two. It would be a luxury compact EV?
I think the luxury segment is price based. When they come out with the Tesla 2 it is expected to be sub 25k, a tough market to compete in, at least in Europe. It makes sense for Tesla to wait until they've perfected their manufacturing optimization and volume production of batteries before they launch the model. It will also help that Europe and other parts of the world will mandate EV sales past 2035. In typical Musk fashion the Model 2 will continue to be the media buzz, but I don't expect a Model 2 to come out before 2030.
Elon Musk And Tesla Continue To Help Australia Leave Fossil Fuels Behind With Big Batteries by Aran Richardson, Benzinga Staff Writer South Australia is the home of the first Tesla Big Battery. The company’s 2016 installation of the Big Battery at the Hornsdale Power Reserve made waves and fueled skeptics who thought the region was putting its grid and residents at risk. The operation developed after a massive storm damaged critical infrastructure throughout the region, and leaders wanted a more sustainable and reliable electrical infrastructure. Tesla Inc. stepped in with the world’s largest lithium-ion battery at the time to provide a more stable grid for South Australians. The location saw an expansion in 2020 and was upgraded with Tesla’s Virtual Machine Mode, a software update that recognizes the challenges operators face as wind and solar replace fossil fuel generation. There’s less mechanical inertia within the grid so the Virtual Machine Mode emulates this inertia to strengthen the grid and improve stability. The update to the Hornsdale Power Reserve allows its battery to provide inertia services to the electricity grid and generate up to 3,000 megawatt seconds of inertia. It’s a large-scale proof of concept for the viability of wind and solar to power a grid and for batteries to provide it with reliable and safe backup. In South Australia, Tesla’s efforts and commitment to wind and solar power generation make the region the world leader in terms of percentage of power that comes from these renewable sources. It frequently reaches levels where wind and solar produce more than 100% of demand with excess capacity sent off to other regions. It is set to become the first grid of its size to operate without gas-burning synchronous generators to provide backup capacity. South Australian customers see sharp declines in their monthly electrical bills with the combination of solar power and a Tesla Powerwall for energy storage. When virtual power plant software makes energy more efficiently shared throughout the grid, customers’ bills drop.
AAPL -10.50% MSFT -16.77% GOOGL -28.82% META -44.03% AMZN -45.56% NLFX -51.10% TSLA -54.44% We're number one ...... inversely. Price is all - especially current and expected near term performance. Competition is not going away no matter how much fanbois wish they do. That is reality.
Tesla Shocks Auto Industry: Drives Past Mercedes-Benz, Toyota To Become World's Most Valuable Auto Brand 3:54 AM ET 4/12/2023 Brand valuation consultancy Brand Finance pegged Tesla Inc(NASDAQ:TSLA) to be the world’s most valuable auto brand in a new report. What Happened: Tesla’s brand value rose 44% year-on-year to $66.2 billion, over five times its pre-pandemic level, notes a report by Brand Finance. This is the first time that a brand that does not manufacture internal combustion engines has topped the global rankings, the report noted. Tesla was seconded by Mercedes-BenzGroup AG(OTCPK: MBGYY) with a brand value of $58.8Band Toyota Corp(NYSE:TM) with $52.5B. Toyota was the leader last year and Mercedes-Benz was the runner-up. However, the two brands saw their brand value fall by 18% and 3%, respectively. U.S. automaker Ford Motor Co(NYSE:F) ranks eighth with a value of $22.3B. See Also: Best Electric Vehicle Stocks “The automotive industry is highly competitive, so for Tesla to achieve this level of brand value growth is a remarkable achievement and a testament to the value of the Tesla brand,” said Brand Finance France Managing Director Bertrand Chovet. Tesla also scored highest on the consultancy’s sustainability evaluation metric with 5.43 points out of 10 and a perceived sustainability value of $17.8 billion.
I think I made my point regarding 2020 vs 2023. I've said before, I expect to see TSLA finish around 300 by year end, around 400 by end of 2024 and 2025 will be the year it breaks its high. Competition is welcome. The goal is to remove combustion engines from the road, rail, waterways, high seas and air. Musk is showing it can be done and challenging the world manufacturers to compete with Tesla.