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re: Investing In Tesla

Posted on 7/6/17 at 5:24 pm to
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 7/6/17 at 5:24 pm to
Obvious statement is that more competition is bad for Tesla.

The quality of competition matters here though. Volvo being a "luxury" car makers taking this route I think may mean more.
Posted by mb810
Member since Dec 2011
257 posts
Posted on 7/7/17 at 8:00 am to
quote:

Volvo being a "luxury" car makers taking this route I think may mean more


But the Model 3 is supposed to be the "cheap" alternative; Tesla no longer being limited to luxury cars. Tesla published all of their patents for batteries, etc. to spark the competition in the industry. You'd have to assume this strategic move means they'd welcome the company of other automakers, in the long run it just shifts public acceptance of electric vehicles. Makes me ponder the bearish response investors seem to be taking.
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