If this is not a textbook bubble then I don't know what is... Unless when we were speculating on bitcoin being a bubble there was an element of novelty and digital currency "taking over" the world. In Tesla's case all their "innovations" can be easily replicated by the other manufacturers with much deeper wallets and engineers in no time, this is pure Musk hype.
You heard it here first.
By the way, Telsa and Space are rated as the no 1 and 2 most desirable engineering companies to work in WORLD. They are attracting the best engineers in the world. Asking an ICE engineer to suddenly switch to electric is a like asking a CIVIL engineer that specialised on roads to suddenly switch to building a plane.
While they both fall within the engineering paradigm, they are two totally different beasts. The only thing that is similar is the shape of thee vehicles. Almost everything changes. Brake usage, traction control, body structure. Not to mention that Tesla's software is miles ahead, and only one of two companies that offer over the air software updates of their vehicles.
ICE manufacturers have a real problem in that it takes an incredible amount of capital to spin up PROFITABLE electric car production. They can't just re-kit their factories.
GM has woken up this year and is starting a massive capital expansion and is starting to roll out their electric car production. They might not catch up. They have to buy out all their dealers because their dealers don't want to sell electric cars. The cars require so little maintenance that its no longer profitable to sell cars through dealers. The same goes for all the other ICE car companies.
VW has an edge with Porsche. The brand is trusted and they can roll out expensive electric vehicles that at least generate a profit for VW but the numbers are so incredibly low.
The only company that seems to be providing a credible challenge seems to be NIO but that is just way too much china for me. Who the hell even knows what is going on there.
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