ZeApelido
Member
- Joined
- Jan 30, 2023
- Threads
- 0
- Messages
- 5
- Reaction score
- 0
- Location
- SF Bay Area
- Vehicles
- 2018 Tesla Model 3
Tesla has pissed off very few owners as barely anyone actually purchased the cars at the super inflated prices listed in the 2nd half of last year. This was verfied in earnings reports as ASPs did not move up as much as expected.Ford has an entire diversified arsenal of hybrid and ICE vehicles to offer. Tesla has all its eggs in one basket and has pissed off a larger number of existing owners with their price cuts than Ford has.
Tesla also has an erratic CEO that's been revealed to be a bit of a dickbag in regards to his treatment of Twitter employees. Their stock heights revolved a lot about expectations of him, and he's certainly done his part to destroy the myth of his boundless genius.
All eggs in one basket sounds risky, but at this point it seems difficult to find a way to stop the EV transition as even the government is financially pushing for it.
Barely profitable ICE vehicles sales aren't good for diversification in that sense - Ford makes most of their money in the financing of ICE vehicles. There will be financial issues if those residual values drop.
Sponsored