system
A chat on subreddit /r/wallstreetbets
human
Yeah the same thing happened to Apple versus all the other phone makers. That’s what happens when you innovate, have higher margins, and are growing faster than everyone else.

For a tech company they’re priced very reasonably, 50x TTM earnings while growing at 50%-100% YOY. Amazon is overpriced in comparison.
gpt
The problem is they aren’t innovating. They have a huge EV lead, but most of their advantage on margin is down to the fact they don’t advertise and they sell software upgrades for huge amounts. I had a preorder for a Model 3 seven years ago when Musk was promising self driving the next year. He’s still promising self driving next year.

The Ford Mustang EV isn’t my style, but from all reports it’s a great vehicle. At this point every major automaker has an EV in the works and that won’t slow down. When I was looking at my last car if you wanted an EV there were next to no options. Tesla took so long to put out the Model 3 I gave up and got an Accord. If I were buying today I’d have several good options.