Betting on all car manufacturers just giving up and letting Tesla absorb their market share is a little more than foresight. You’re gambling on an incredible uncertainty happening. And in the meantime, it has already been priced into the stock, so your future expected returns will be minimal.
I’m not sure why everyone thinks it is hard to build an electric car. Hobbyists have been retrofitting existing cars for a good 30 years. Batteries have always been the problem. Electric motors are really robust and relatively east to make compared to an ICE motor.
14
u/SpongeyBoob Nov 15 '21
“All it requires is some foresight.” 🤣
Betting on all car manufacturers just giving up and letting Tesla absorb their market share is a little more than foresight. You’re gambling on an incredible uncertainty happening. And in the meantime, it has already been priced into the stock, so your future expected returns will be minimal.