Quote:
Originally Posted by wdc330i
Headline: There are more single working women than ever, and that's changing the US economy
"Finally, Morgan Stanley expects more women will buy more cars in the future than they do now. At the moment men represent a bigger group of buyers, but over time, the male-female split of auto buyers will even out, which could give car sales a big boost. The bank's top pick in the segment is Tesla (TSLA)."
https://www.cnn.com/2019/08/29/econo...omy/index.html |
That's interesting. Tesla could well become a formidable rival for some established market players. I still don't understand Tesla's valuation though. They're still an auto company and face many of the same challenges as the rest of them (cyclical demand, large capital costs to develop new models/factories) in addition to some self-imposed challenges such as having to own/run all their own service centers. Right now, they're valued more like a high growth pure software company.