09-17-2019, 11:31 AM | #21 | |
Alphanumeric
Join Date: Aug 2005
Carmudgeonly Ride: 981S, 340i
Posts: 9,584
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Quote:
He is beating them with a head start (battery tech & drive units), charging network, stock pricing and software/UI (a traditional American forte) with a good amount of razzle dazzle thrown in. Not that any manufacturer is above razzle dazzle. The stock price advantage is considerable. As long as you have billions of valuation that is not tightly tied to your operating margin, you can afford to invest in R&D, sell at a loss and make all sorts of bets. Of course, there is strong engineering underneath, but start-ups are partially self-fulfilling. |
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