The EV market is projected to grow from 800k/yr in 2022 to 4.8 million EVs in 2030 (US only). Even if the market share halves that’s still 3x 2022 sales. At the moment there is a huge supply shortage for EVs. Not sure how it is in the US but 12-18 months is considered a normal delivery time for a KIA/VW/Mercedes EVs in Europe. The only company able to deliver is Tesla with 2-6 month delivery times. That is due to scale, supply chain efficiency and vertical integration. Then you also need to consider that other manufacturers are selling at cost/loss whilst Tesla has a 30% margin on its cars which is huge in the auto industry.
svaerde t1_j04b1ix wrote
Reply to comment by weluckyfew in Tesla value as it relates to Twitter's purchase [OC] by datawazo
The EV market is projected to grow from 800k/yr in 2022 to 4.8 million EVs in 2030 (US only). Even if the market share halves that’s still 3x 2022 sales. At the moment there is a huge supply shortage for EVs. Not sure how it is in the US but 12-18 months is considered a normal delivery time for a KIA/VW/Mercedes EVs in Europe. The only company able to deliver is Tesla with 2-6 month delivery times. That is due to scale, supply chain efficiency and vertical integration. Then you also need to consider that other manufacturers are selling at cost/loss whilst Tesla has a 30% margin on its cars which is huge in the auto industry.