Most investors are unaware that internal combustion engine cars are doomed. But I expect that they’ll mostly be replaced by cheap electric cars from companies with little brand name recognition. Car use will continue to move to an Uber-like service model, where the car is a commodity. I’m betting on BYD, not Tesla.
I’ve now invested in NIO, mainly because it’s a leader in fast battery swapping. Most likely other companies will eventually catch up in that area, but being first will give it a shot at being one of the frontrunners.
I’m guessing that no single company will dominate the battery market. I see some pro-Tesla hype, but little that would motivate me to pay 5 times sales for Tesla rather than 1 times sales for BYD.
Most investors are unaware that internal combustion engine cars are doomed. But I expect that they’ll mostly be replaced by cheap electric cars from companies with little brand name recognition. Car use will continue to move to an Uber-like service model, where the car is a commodity. I’m betting on BYD, not Tesla.
I’ve now invested in NIO, mainly because it’s a leader in fast battery swapping. Most likely other companies will eventually catch up in that area, but being first will give it a shot at being one of the frontrunners.
Is BYD able to achieve cheaper cost per kWh for their battery packs than Tesla?
Or do you expect Tesla to not be willing to sacrifice margins in the future in order to produce at high volume (contrary to the their stated plans)?
I’m guessing that no single company will dominate the battery market. I see some pro-Tesla hype, but little that would motivate me to pay 5 times sales for Tesla rather than 1 times sales for BYD.