I know I'm the fringe. I also happen to be right.
Model 3 a fake, Model Y a fake. Shanghai a muddy field and Tesla to go bust Q4 2018 or Q1 2019.
You keep harping on about how Tesla has never made a profit. Except in 2020 Tesla is going to make a full year profit, without a doubt.
In 17 years Tesla has managed to accumulate $34bn in assets and currently holds $6.6bn in equity. Ford, at 117 years old, has assets of $258bn and equity of $33bn. Plus Ford sells 11 times as many vehicles per year (based on 2020 500k vehicle target).
In Q1 of 2020 Tesla shipped 88,496 vehicles and overall business reported revenue of $5.985bn. An average of $67,630 per vehicle. This was up from the $66,879 per vehicle value in 2019.
In 2019 Ford shipped 5.5 million vehicles and reported revenue of $155.9bn. An average of $28,345 per vehicle.
At this price point and rate, Tesla would overtake Ford at 2.4 million vehicles. Tesla will have a capacity of 1.5m vehicles per year by end 2021 with the current facilities in development. Should Tesla decide to include two more factories within the next 6 months, that could be expanded by another 1m by Q1 2022.
At 4.1m vehicles, Tesla overtakes Toyota.
This ignores significant revenue hikes with cybertruck and the semi business, self drive, ride hailing, taxi services and a whole host of other things Tesla is currently developing.
So, GSY, no, you are wrong and wrong and wrong and wrong.
There is a really good reason why Tesla is currently getting a market cap larger than Toyota. It is because Toyota and all the other incumbents have been doing the wrong thing on EV and Tesla has not.
It becomes clearer, every year, that FF vehicles are unwelcome in more and more economies. The Covid disaster and the EU response in terms of the 95g/km CO2 was a very clear bellwether.
All you have to do is open your eyes and stop considering Musk as a fraud.
Is Paypal a fraud?
Is SpaceX a fraud?
No and No.
Time to get over your dislike of Musk and see the world as it really is.