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Comment by pcurve | Hacker News Reader

The street was expecting much higher than 100k. Down 4& after hour.

Currently Tesla's valuation is higher than both BMW and Mercedes. No doubt, they're enjoying rich multiple due to other forward-looking business units, but they're not generating any money. Their car business is what's keeping the light on.

On long term, Tesla's car business is uncertain. The first-mover advantage is eroding quickly as legacy mfrs are stepping up.

It's an extremely competitive business. And with $45k model flooding the market, the novelty factor of the brand is going to wear off very quickly.

Look at the new Porsche Taycan. To me, that's the new Model S.

Jung,

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Can the Taycan compete on price, speed, range, and charging network? AFAIK it loses in all of those categories.

Can a Tesla compete on brand, design, interior fit, build quality, support, charging speed, repeatability, handing ? AFAIK it loses in all of these categories.

I don't have any numbers, but on the brand point I'd figure Tesla might be in a stronger position than Porsche in the younger demographics.

Young people have been, and will continue to be buying 10-year old junkers, not brand-new Teslas. Outside of the tech bubble, money doesn't grow on trees.

So we are playing the move the goalpost game.

Younger demographics have less disposal income so they are hardly the type of customer you want to be betting on.

Who is moving goal posts? You claim above that the Porche is "Better in every way". Two rather significant ways it's not: speed and range.

I thought Tesla superchargers have faster charging speed? They have 150kW charging, is Porsche doing something better?

OP said Taycan is the new Model S, I think that your comment vs. mine highlights that this isn't true -- Taycan customers are not the same as Tesla customers. Tesla customers get a good bang for their buck -- speed, range, charging network at a cheap price. Porsche customers get brand, design, & build quality.

Someone who values what Porsche has to offer probably was never interested in a Tesla.

Meanwhile a Model 3 Performance -- the same speed as the Taycan -- costs $90,000 less.

Porsche Taycan can charge at up to 270kW and they are working on a software update to bump this up to 400-500kW. The Model 3 can charge at 250kW.

And not sure why you are comparing the Model 3 to a Taycan as they are completely different segments.

Do you have any comment on my assertion that Taycan is not a Model S replacement?

Porsche has 250 kw, just like Tesla does on the LR Model 3. But supposedly Porsche will soon have 350 kw.

The real metric is miles added per minute, though, and I haven't really seen an apples to apples comparison there.

> brand

Yes, its way better.

> design

Yes.

> interior fit

I much rather have the interior of a Tesla. I car much more about the cool features then complaining about a slight overlap of two plastic panals that are under the seat, or whatever car german fetishits obsess about.

> charging speed

They have a small advantage on a tiny number of actual charging stations but the majority of the time your gone charge much slower.

BMW and Mercedes each have an enterprise value of $140B. Tesla is $54B. Ford is $155B.

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