Quote:
Originally Posted by Cappy
Elon Musk made electric cars cool. That's about it.
the cars themselves are gimmicky and poorer quality than other vehicles in their price range.
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Tesla is also about the only company that can produce them profitably and at scale at this point. The other companies have completely dropped the ball on EVs. Teslas sell well despite their issues because you can actually get one, unlike other automakers where you get to sit on a list for a year or two to maybe get one.
That said, their margins are dropping as they've had to have price reductions to keep demand up and prevent inventory from piling up. If the forecast for their earnings report tomorrow is accurate, their Trailing 12 Months Earnings Per Share will drop for the first time in almost 3 years.