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Originally Posted by sn1987a
I'm all in on Tesla so here's my take.
Tesla is now so far ahead of all competition in building EVs and components, ramping up factories and R&D that they have runaway unstoppable momentum. No net debt and rivers of exponentially growing cash flowing in. The "competition" everywhere is a joke.
Legacy Auto have snookered themselves and will bleed to death as no consumer in their right mind would buy a new ICE vehicle now - they'll hang onto their old one until they can buy a Tesla.
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There are EV competitors starting to come along (not based off legacy auto), but they are a long way behind Tesla. However a lot of them will do well because of the sheer overwhelming demand worldwide. That plus there are market segments that the Tesla doesn't handle well. But, that's good news for the consumer as eventually we'll get a lot of choice.
As for buying ICE, I think you're kinda close with the idea. I think some will transition via PHEV and others may stick with the 2nd hand market for a while. And as I said above, there's just some markets that Tesla doesn't cover right now.
The extra wrinkle to all of this though is the insane supply chain issues for all companies and industries. Wait times for things are getting ridiculous - e.g. Tesla M3s are now 6 to 9 mths wait, up from 5-7 mths from just a month ago, and that was a jump from 3-4 mths a short time before that.