They will deliver 500 000 vehicles this year. Catapulting them to the number 1 EV maker in the world. They are at such a massive technological advantage. The other big autos have got such a massive road ahead of them. Legacy infrastructure. Engineers that only build ICE cars. They are unable to produce EVs at profit at the moment. They have no capacity to build EVs at the same scale as Tesla.
More regulation limiting emissions on the Horizon. California as executive order (can be overturned by next governor) to ban ICE cars by 2035. That's 15 years to change. California for now is still the biggest economy in the US and if any car company wants to sell a car there in 15 years, it has to be electric.
Thats 15 years to make an electric car that is compelling to the consumer that competes with a tesla in terms of price, range and capabilities.
Younger investors are aware of the coming change, are very forward looking and can see that electric vehicles are the future and realise Tesla's advantage. The current price is just a reflection on what people are betting the future of Tesla will be.
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