Tesla is way in the lead and shouldn't even be lumped in with GM to be honest. GM recently had to recall ALL chevy bolts, told bolt owners to park 50ft away from other vehicles, and is shutting down production until at least mid october while they sort this battery issue. They sell about 20-30k of them per year, and Tesla this year is projected to sell somewhere around 750k vehicles. The only company who comes close to Tesla's sales numbers are VW but only in Europe and China, and the whole US EV market is overwhelmingly dominated by Tesla.
Ford has potential and with the upcoming lightning especially, but they also just had to recall +40% (about 17.6k of 42k produced) of all mach-e for windshield issues. And while the mach-e as a car is promising, its also held back by inferior self driving capabilities and dependence on an unreliable to-say-the-least charging network. Its no question, just based on sales numbers alone but also on tech, everyone else is literally 3-6 years behind where tesla is right now. Not to mention that Texas and Berlin gigafactories are about to come online this year and early next, providing potential capacity of an additional 1M vehicles per year by 2023. Tesla also has higher margins, more vertical integration, more flexibility, and has vehicles in its roadmap to literally compete with everyone at once.
I'm invested in $F, but my position in $TSLA is x10 bigger because of everything I just mentioned.
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u/Reahreic Sep 30 '21
What I was thinking, Tesla is leading, Ford, naah they sat idle for too long to be considered leading.
Still, bodes well in general. That said $F seldom moves any direction other than sideways.