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by gitfan86
833 days ago
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The Model Y is the best selling car in the world in 2023. Those of us who were buying in 2019 are still up quite a bit even though the stock was higher at one point. RIVN, Ford, GM all are losing a lot of money on every EV they sell. We were right to bet on TSLA being a major winner. I actually put 40% of my TSLA into NVDA last year, because the demand for AI hardware is going to keep going up. I'm not saying the stock will never go down, I'm sure it will be volatile, but don't confuse short term volatility with long term technologic transformations. |
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other manufacturers ship dozens of different models and then you have companies like VW or Stellantis that havd many different brands that basically sell the same model with slightly different chassis, styling etc. so it’s hardly comparable.
An anyway, as far as valuations go margins are as or even way more important than total numbers of cars shipped. Tesla had to cut prices and that didn’t work out that great for their stock price
> volatility with long term technologic transformations.
Intel’s stock peaked in 2000 despite most of the related technologic transformations happening in the subsequent decades, them basically becoming a monopoly and their revenue increasing multiple times.