Wrong. Tesla has yet to achieve economies of scale with 100K cars a year. As EV market rapidly grows, Tesla sales will pick up and become profitable. About 90M cars are sold annually; Tesla's 100K is a meagre 0.5%... which is 50% of EV. Tesla's success depends on its ability to maintain the 50% share as EV market expands. Even if it falls to say 15% that will be a major achievement. No auto startup has succeeded since the 50s... it's why we have the same old dinosaurs in auto - Toyota, Nissan, Daimler, GM, Ford, etc - while in tech, retail, finance and other industries we have brand new Googles and Facebooks competing with the likes of GE, Microsoft and Apple.
It's why the Tesla brand is so important - and Musk's marketing prowess has alot to do with it.
Give Tesla a break. It's brought the EV to market. It's to be celebrated, not chastised at every turn.
I don't agree on the unit cost of a Model 3... that it's more than $35K. Tesla is hitec - "a computer on wheels" - tech cost changes with scale, innovation, etc. It's not just curved metal like cheap Toyota. Otherwise it would be $10K like Toyota junk. I'll look it up, the unit cost I mean. A casual glance at their results shows huge R&D cost.
Facebook stock goes up and down often. During Cambridge Analytica and every scandal cycle. Facebook is media, not tech. With time it'll be overtaken: Zuck knows this and has divested into real tech - Oculus VR, Robots, Blockchain, etc. You can't equate 2B users Facebook with 100K Tesla. Literally the whole world is on Facebook - a media - yet it's valued at only 10X Tesla, just like GM. Why?
Facebook is not tech, it's media. Tesla is not auto, it's tech.
