Quote (SBD @ Nov 20 2020 10:00am)
Company "Here's a scetch of my new EV"
Market "What do you think that's worth"
Company "At least 65 billion"
Market "Let me counter you with 80 billion"
A few months back Nikola was trading at like 70 dollars, which made their market cap larger than Ford. As I read about it was like.. here is a company that has never produced or sold a single product is bigger than a company which has been producing cars for a century...
There is some proprietary battery tech but ultimately I don't think that baseline tech is really that hard to replicate. I'm of the mind that the legacy carmakers can also build this tech.
You can buy meme stocks that are trading like 1 billion x their sales or a company like Daimler (owner of Mercedes) which is rolling out 10 electric models by 2022.
https://www.daimler.com/sustainability/climate/electric-offensive.htmlTo me, it's an easy choice, especially considering the fact that Mercedes has gotten cars 'right' for like 50 years.
This post was edited by ofthevoid on Nov 20 2020 09:21am