You can make the same argument about gaz-driven vehicle as well. New tech will allow better engine/improving gas millage etc... ave 50-60 miles per gallon when it's $3/g is still a lot better incentive than owning an EV. Tesla cars are way overpriced and even tax incentive does not seem to help anymore.
For the foreseeable future tesla main clientele will obviously continue to be very wealthy people trying to look cool and be environmentally friendly etc...
eventually the car industry as whole will break through to mainstream but not likely anytime soon when who knows .. In the end it probably depends on government non free market decisions.. Carbon emissions curbs.. Heavy tax on oil? And all the wildness in the volatile oil market.. Etc etc..
Yeah definitely. That is why I said Tesla is probably a dog. The big automakers can play right-handed, left-handed, wherever the industry goes....
Better mileage and improvements in ICE vehicles should continue. I'm not sure pure EV ever gets mass adoption as a consumer vehicle, might just be plug-in hybrid like I said. Where you get the EV feel but it still has a gas engine inside it.
Really the main use for EV is probably autonomous/ride sharing where the utilization rate of the vehicle is extremely high and the charging can be done efficiently by the business that owns the car. But that is a little bit down the line. GM just invested 500M in Lyft fwiw...
It's definitely an interesting time for that industry though, after pretty much no real changes besides incremental improvements for a long time.
Entire car industry is copy cat/marketing trying to get suckers to buy Lol.. Like 1/3rd of super bowl ads are cars ..
New car Most depreciating asset u can ever buy.. People buying high end models for status not function/value ... I will never buy a new car .. And always have some old reliable Asian model that gets me from point a to point b..
New car Most depreciating asset u can ever buy.. People buying high end models for status not function/value ... I will never buy a new car .. And always have some old reliable Asian model that gets me from point a to point b..
It is tough to say how far behind they will be on the car stuff. They have the engineering talent and financial resources to catch up pretty fast and they could outright buy a car manufacturer if they wanted (although partnership more likely)
I got the latest iphone and I'd never want to upgrade it so I'm sure domestic sales will slow but still tons of room to run overseas. I wouldn't necessarily group Cook with Ballmer, they're trying to get into cars, TV but he is no Bezos obviously. Bezos is the man, AMZN is the real company I would want to buy after a flush out. They're gonna start giving netflix problems as well.
More and more people starting to think this way IMO. Why ride-sharing with autonomous is so fascinating. Hell, Uber isn't even that cheap right now and it has made serious gains in a short amount of time. What if you take Uber's cost now and cut it by 80%?
For a lot of people who don't live on the coasts, car ownership their biggest expense with fuel, insurance, taxes, cost of financing, etc
Stock got way ahead of itself and will take a beating (already started) if bear market comes but long term you can see what bezos is doing.. Mad rush to grab as much of market he can with tech and worry about making money later once you have your foot in everything.. It took me a while to "get" Amazon.. I was a basher of them on this thread back in day.. Nor did I have any idea/knowledge about them becoming the cloud leader ..
I understand the idea.
But tech moves so fast sometimes they can become the dominate leader in something then the fad comes and goes and they never end up making much money money.
Im not speaking of he main business just a bunch of these side things they keep dabbling in.
Also I think they do a really bad job explaining the prime thing.
Its the best deal on earth but half the people don't even know it's not just for free 2 days shipping.
It has streaming video that is every bit as good as Netflix . Also they have streaming music that is just a tad behind Beats and Spotify.
Free ebooks . The list goes on and on.
I visited my sister the other day and saw her listening to Spotify.
I already knew she had had prime and I let her know you can get the same songs you are paying 10 a month for on Spotify with your amazing prime you already paying for .
They need to get the word out on that better.
But tech moves so fast sometimes they can become the dominate leader in something then the fad comes and goes and they never end up making much money money.
Im not speaking of he main business just a bunch of these side things they keep dabbling in.
Also I think they do a really bad job explaining the prime thing.
Its the best deal on earth but half the people don't even know it's not just for free 2 days shipping.
It has streaming video that is every bit as good as Netflix . Also they have streaming music that is just a tad behind Beats and Spotify.
Free ebooks . The list goes on and on.
I visited my sister the other day and saw her listening to Spotify.
I already knew she had had prime and I let her know you can get the same songs you are paying 10 a month for on Spotify with your amazing prime you already paying for .
They need to get the word out on that better.
Consumption of media and goods almost all moving online or at least only place with any significant growth.. They are building the ecosystem to become the main player ... First to market is key as always.. once people get used to it they won't go elsewhere.. Much like Apple was to smart phones and Microsoft with pcs... I'll stick with Apple smart phone long term cause that's what I know how to use... Not necessarily cause they the best... Same happened with me for Microsoft and pcs.... Apple screwed up dragging their feet on media.. Now they better buy Netflix or get left in the dust..
plus they are making tech easily accessible to the non techies.. My mom is ancient in that respect ..
I gave her Amazon table than fire tv than echo and loves it..
plus they are making tech easily accessible to the non techies.. My mom is ancient in that respect ..
I gave her Amazon table than fire tv than echo and loves it..
No reason Amazon can't do what Netflix did and make huge headway into the original content arena. Netflix was nowhere in that area just a few years ago then came House of Cards, etc and now people have accounts just for their new content.
I couldn't name an Amazon original show but once they get some hits and word of mouth spreads then I'm sure subscribership will boom.
Then their core business with the logistics edge they've built up will just never be beaten by an online company.
It's funny we're talking about Tesla, but some of the reason for Tesla optimism is because of a company like Amazon. Walmart and the other big retailers had every opportunity to dominate e-commerce the way that Amazon has. Sometimes it is difficult for an existing company to get away from their business and innovate when an industry is changing. This is a big reason people figured that the big automakers just won't be quick enough or smart enough to deal with the automotive industry changing. The fact the auto industry change takes a lot longer and moves at a speed much slower than retail/e-commerce probably has a lot to do with why it is so hard to disrupt.
Microsoft whiffing on mobile in that category too. Tech/internet just moves way faster. Automakers could take their time.
I couldn't name an Amazon original show but once they get some hits and word of mouth spreads then I'm sure subscribership will boom.
Then their core business with the logistics edge they've built up will just never be beaten by an online company.
It's funny we're talking about Tesla, but some of the reason for Tesla optimism is because of a company like Amazon. Walmart and the other big retailers had every opportunity to dominate e-commerce the way that Amazon has. Sometimes it is difficult for an existing company to get away from their business and innovate when an industry is changing. This is a big reason people figured that the big automakers just won't be quick enough or smart enough to deal with the automotive industry changing. The fact the auto industry change takes a lot longer and moves at a speed much slower than retail/e-commerce probably has a lot to do with why it is so hard to disrupt.
Microsoft whiffing on mobile in that category too. Tech/internet just moves way faster. Automakers could take their time.
