DermMD
Member
Good points. What sometimes gets lost in the debate is that the comparison tends to be at the tangible end product. This major difference is often overlooked: Tesla developed a mobile computer and dressed it like a traditional car. It is a technology company that builds cars among other machinery whereas legacy automakers are still building cars the way they know best and integrating technology within.I think the question I have is, what makes you think they can catch up fairly quickly? They currently have the ability to tear down Teslas all they want. They can buy whatever one they want, reverse engineer whatever they can, and leapfrog their own development cycle.
Yet, they don't.
Not to mention, LTE connectivity is not something that should be an issue on any car. It's been around for years. What they're struggling with is the fragmented supplier chain trying to understand each other and make disparate systems work together. Whereas Tesla is vertically integrated, the systems do function with one another.
Or the MB that Autoweek drove...it seemed like a nightmare. Vehicles like that and Polestar are likely to push people away from EV adoption because they're a pain in the butt.
And this is just on the vehicle aspect. Nobody is even close when it comes to the Supercharger network. Not even in the realm. That's huge. I've considered a Taycan, drove the EQS, lived through a Bolt...and now every time I think of changing I stop in my tracks and just think of the SC network.
Tesla will have competition, there is no doubt. Their market share will erode, there's no alternative. But I'm not seeing the picture the same way you are in believing that the legacy manufacturers will catch up. I do not see any evidence it's happening.
Additionally most forget but apparently not Wall Street that Tesla is a conglomerate of Renewable energy companies. Hence the billion dollar valuation. Tesla Energy, Supercharger network, Tesla Solar (as opposed to energy which includes power plants) among others could all be stand alone billion dollar companies. Therefore to me all these other newer EV companies making just cars are overvalued. I could have bought Tesla stock at $12 for God's sake. I didn't of course (bangs head on wall).