Sergio Rodriguez, St. Mary’s, Ga. A consultant at, who owns the Tesla Model X, recently launched a Mach E nationwide. Mr. Rodriguez said he planned to keep his Model X, despite some serious quality issues and slow responses by Tesla Described in the YouTube video And on electric vehicle websites.
“I still love the Model X. In terms of performance, you want a thrill,” he said. “But you have to accept that it has a lot of flaws. The Mach E is definitely made with quality, and it is cool. You can’t help but watch as it drives. “
Last month, Ford sold 3,739 Mach E, a small number compared with the thousands of pickup trucks the company sells each month but is respectable for an electric car. This month, Volkswagen is scheduled to begin delivery of its electric SUV, the ID.4, in the United States. General Motors recently updated its electric compact, Chevrolet Bolt, and introduced a larger, higher-riding version of the car.
Whatever the competition brings, Tesla has had enough cash to finance its operations for some time. It sold more than $ 12 billion of new stock to investors, taking advantage of its rising stock price last year, and received more than $ 19 billion in cash at the end of 2020. Tesla Spent 1.5 billion dollars At bitcoin earlier this year, and even if the company makes a big loss on that wager, it will still have significant cash.
The company, which did not respond to requests for comment, has come a long way from the dark days of 2018 and 2019, when some analysts wondered whether it would survive as an independent business. Mr Musk struggled with increasing production for Tesla’s cheapest car, the Model 3, and described the company’s problems as “manufacturing hell”.
Despite the recent decline, Tesla’s share price is still up more than 300 percent in the past 12 months. And its market value exceeds the combined market capitalization of Toyota Motor, Volkswagen, Daimler, GM and Ford – companies selling many more cars than Tesla.
Of course, any time a company is valued several times that of its peers, if investors begin to have small doubts, it may be vulnerable to sell-off. Even after the stock has fallen from high levels, Wall Street remains highly optimistic about Tesla. The stock trades at a profit of 144 times which analysts expect the company to earn, this year, a stratospheric valuation. Much hope in the market is a big slice of Tesla being a big market for electric vehicles, which is why analysts expect the company’s profits to more than double by the end of 2025.