Absolutely, about 10% of the number that Toyota makes every year - a company valued at $300B (vs. Tesla's $900B). They're cool cars, when they're not trying to murder. Electric cars aren't a step-change for humanity. They're an incremental improvement.
Especially at the moment when a $20,000 battery replacement awaits Tesla owners at the 8 year mark - and in places that are primarily coal-powered, the CO2 break-even is around year 6. [1]
Good thing power isn’t primarily coal powered in most of the US ;-) In CA, that’s a total non-issue, for example.
No argument that their valuation has gotten way ahead of where they are, but the thesis is probably that it doesn’t take too many years of doublings to 10x, and companies that appear likely to decline take a significant discount to even what their current production would imply, because shareholdings are a claim on future earnings, not just where they are. Toyota really whiffed with its focus on hydrogen, frankly.
Especially at the moment when a $20,000 battery replacement awaits Tesla owners at the 8 year mark - and in places that are primarily coal-powered, the CO2 break-even is around year 6. [1]
[1] https://www.reuters.com/business/autos-transportation/when-d...