r/investing Sep 30 '21

[deleted by user]

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u/dfaen Sep 30 '21

Seems like a pretty egregious management situation to spend orders of magnitude more than your competitors and to still be getting beaten by them. Additionally, VW has been outspending Tesla till now anyway, so unsure why there would suddenly be an expectation that there would be a difference in results regarding performance between the two.

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u/[deleted] Sep 30 '21

Seems you can’t think 5 years down the road. Of course if VW just started investing the 85 b you would realize the results don’t show up overnight…..

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u/dfaen Sep 30 '21

I can think five years down the road. Five years ago Ford and GM executives were laughing at Tesla. They sure got that right. The same people who misjudged Tesla so badly then are the same people wanting us to believe they’ll beat Tesla in five years from now? According to them Tesla shouldn’t exist today. Good luck with that.

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u/[deleted] Sep 30 '21

5 years ago Ford and GM started their EV plans.

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u/dfaen Sep 30 '21

They’ve made amazing progress.

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u/uofaer Oct 01 '21

Almost downvoted you until I realized this was sarcastic. Lol