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VW and Ford have been making car platforms and selling vehicles based around those platforms for decades. Tesla have never done it. In my opinion, all Tesla have done, is raise a load of investments based around them using old tech to make their cars work.
Who's going to win the battle? Marketcap is a pretty poor metric for looking at the health or size of a business. I just grabbed a few figures and put them into a table, some figures are from 2018 and some from this year so not a scientific like for like.
Tesla had a 5 year plan for taking on the big boys, they are a long way away from where they planned to be to do so. They're about to be competing against companies that are richer, more experienced and have the same tech as them and are in the red in terms of operating income. Things are not healthy at Tesla.
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Stonehedge
This. I assume that at some point in the next couple of years VW or Ford will just release a totally capable, fully electric Golf / Focus in their normal range and at a normal price. It's nonsensical to suggest that they're not working on them, including a super polished GTI / RS 'ludicrous' one for release date.
Once they do, no-one will buy a Tesla anymore, because why would you?