If we can’t even compare the vehicles produced between Tesla and Ford, Chevy, and Nissan, why are we comparing their share prices and P/E? It’s like comparing an iPhone to a walkie-talkie. Actually wait, it’s like comparing a Tesla to Ford– that seems about right. Tesla is on a whole new plane, and everyone shorting Tesla Motors because its P/E is way off course from the average automotive company is in for a rude awakening, because guess what, Tesla isn’t the average automotive company.
Battery swapping technology that is being released to the public on June 6 is the last piece of a perfect vehicle. It enables quick charging for road trips, and eliminates any doubt that the Model S is literally the perfect car. I cannot wait until Tesla Motors Inc (NASDAQ:TSLA) comes out with their Gen III. If it’s anything like the current vehicles being produced, Tesla won’t have any issue maximizing the half a million a year production potential of their Fremont manufacturing plant.
And for the recall of a few Model S: The fact that Tesla found this defect, (not regulators and not customers) shows just how tentative the engineers and designers are at that produce these automobiles. If anything, this finding should be impressive, and let customers know that they really are safe in the hands of Musk.
Joel Wasserman owns shares of Tesla Motors Inc (NASDAQ:TSLA). The Motley Fool recommends Ford, General Motors, and Tesla Motors . The Motley Fool owns shares of Ford and Tesla Motors. Joel is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
The article The Last Straw for Tesla Motors originally appeared on Fool.com and is written by Joel Wasserman.
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