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Unless trade restrictions or trade wars break out, China will...

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dave sss

14,069 Posts.

217

01/09/23

12:35

Post #: 69687054
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Originally posted by moorookamick: ↑

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.

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Unless trade restrictions or trade wars break out, China will dominate EV's and legacy automaker's are vulnerable. Agree Tesla - can only see it's dominance being slowly eroded
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