It took Tesla over 10 years of burning shareholders funds before it posted a moderate profit while Toyota and VW have been raking in the lollies despite recalls.
Tesla has been doing a lot of development work for Mercedes and others but at a current $800 billion market cap ( and a very hight P/A ration) , it has firewall itself against a hostile takeover; at least until its P/E drops sub 20!
Tesla is a typical stock which has been driven by emotions rather than by solid P/E . IMO China will likely own the lions share of the EV market because autos feature prominently in its "Made in China 2025" major economic strategy.
At present China manufactures over 30% of global vehicle manufacturing at that share is still growing.
