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Comment by yaacovtp | Hacker News Reader

yup, watch all the big guys go full on amazon and price their EVs low enough to wipe out tesla. Just sat in a Mach-E and ready to buy one but can't decide because there are so many other options coming to market now.

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I have been hearing similar arguments for a long time. It used to be "tesla has one tiny factory, just wait until Toyota converts it's many huge factories to electric".

It would be great if the mach-e sold 500k units in 2022, but I would not bet on it.

Important to realize it's not binary. TSLA can be a great company, remain viable for a long time, and also not have a $3T market cap in 4 years. TSLA isn't living in a vacuum, and competitors are catching up. Unfortunately/fortunately for a lot of innovators, the first one to market is not always able to corner the entire market forever.

Additionally, their current market cap is a gift and a curse. It's great they were able to raise more money using their value, but it also draws huge attention from current and possible competitors who let TSLA figure the EV market out. Now competitors can use their respective skillsets to compete where TSLA is weak.

This is all to say that competition heating up and will dampen TSLA's potential valuation. It doesn't mean TSLA is going out of business anytime soon.

It is binary. Does your company exist to accelerate the transition to sustainable energy and transportation or do you have another mission like "delivering shareholder value"?

There's a whole heap of EVs coming from the established brands and honestly, I would choose them over any Tesla. If the VW camper van becomes reality, oh my oh my. Mach-E looks incredible! Even the Skoda EV looks amazing - it's a SKODA?!

Tesla's lineup is still great, but other automakers are closing the gap very quickly. And that's with the intentional market segmentation they have to do in order for EVs not to look too attractive compared to their ICE lineup.

Looking into the future, for example Hyundai Ioniq 5, it's not clear how will Tesla compete. Elon factor will only get them so far.

I personally feel like the "Elon Factor" is slowly turning on him as people find him more and more childish and cringy. Would be interested to see how his public perception has changed over the decade.

Kind of like how Android just wiped out Apple right?! I can’t say I understand where all the reflexive hate for Tesla comes from, especially here, but Tesla is a leader for a reason definitely check them out so you understand what the differences are before you buy that MachE

No, the big automakers had their chance to make a serious commitment to EV and they all failed to deliver. Now they’re playing catch up but Tesla is too big for them to drive out of the market

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