All these legacy companies need to deliver in volume. They are directly competing for the same battery contracts as most do not have their own sourcing.
This is also the reason Tesla can build evs cheaper and higher margins than all those legacies.
The stock valuations will further correct with competition yes.
Tesla remains ahead and pushing the envelope with casting and wiring efficiency to remain ahead in the margins. This is not an issue for continued profits. The price.premium probably will lower with competition.
Tesla will remain quite profitable . The question is how much and how much it'll support the stock price.
This is also the reason Tesla can build evs cheaper and higher margins than all those legacies.
The stock valuations will further correct with competition yes.
Tesla remains ahead and pushing the envelope with casting and wiring efficiency to remain ahead in the margins. This is not an issue for continued profits. The price.premium probably will lower with competition.
Tesla will remain quite profitable . The question is how much and how much it'll support the stock price.
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