Yes they're in a good position but to say they're that far ahead of everyone else is a bit of a stretch. Everyone is investing billions in this and as well as the traditional car companies, tech giants like Google, Apple and Microsoft are also heavily invested in developing algorithms and/or infrastructure to support it.I think it's less to do with the car and more the data from self driving potential. They are so far ahead of everyone else their driving algo's will most likely become the standard.
The reason they are valued so highly is that they are not just a car maker. Its like saying Apple just make phones. Tesla have Solar,Energy plants,Insurance,AI, Robotics, Robotaxis all of which could potentially be bigger than the car business.Yes they're in a good position but to say they're that far ahead of everyone else is a bit of a stretch. Everyone is investing billions in this and as well as the traditional car companies, tech giants like Google, Apple and Microsoft are also heavily invested in developing algorithms and/or infrastructure to support it.
I don't think it is a stretch at all. In the United States Tesla has 54% of all EV's on the road. Every other carmaker shares the remaining 46%. Only Chevy gets close to 10%. That's an enormous head start, especially when "the more the maker is driven the better the data for autonomous control gets". That's why their market cap has enormous value over other brands. Not to mention everything @Gaz in Zurich mentioned above.Yes they're in a good position but to say they're that far ahead of everyone else is a bit of a stretch. Everyone is investing billions in this and as well as the traditional car companies, tech giants like Google, Apple and Microsoft are also heavily invested in developing algorithms and/or infrastructure to support it.
EV sales are only at 5% of total car sales in the US which gives Tesla a market share of 2.5% of the overall car market. As EV sales ramp up I don’t believe there’s any reason to expect they’ll maintain that 46% of the current relatively small market.I don't think it is a stretch at all. In the United States Tesla has 54% of all EV's on the road. Every other carmaker shares the remaining 46%. Only Chevy gets close to 10%. That's an enormous head start, especially when "the more the maker is driven the better the data for autonomous control gets". That's why their market cap has enormous value over other brands. Not to mention everything @Gaz in Zurich mentioned above.
EV predicted to be 20% within 3 years, suppose the share price is more geared to the future than present sales.EV sales are only at 5% of total car sales in the US which gives Tesla a market share of 2.5% of the overall car market. As EV sales ramp up I don’t believe there’s any reason to expect they’ll maintain that 46% of the current relatively small market.