Electric vehicle charging network is the gas station of the 21st century, and it is here with us. And Tesla is winning the game in America and is poised to become the largest “energy filling station” in America: “Tesla is installing the roadside chargers faster than others at a sharply lower cost”. So, when you value Tesla, remember that it has the modern types of “filing” or “gas” stations.
What do you call it? Multi-revenue car company. It sells cars. It sells carbon credits. It sells software to drivers. It sells even the fuel to power the car. Did I include Tesla Insurance?
Now you can see why Tesla is worth more than $760 billion when GM and Ford combine for less than $100 billion! The greatest companies in the world pioneer a new basis of competition which is orthogonal to whatever the competition has. Today, Tesla is on its path, and others just follow. Do the same in your business, and find the ascension to category-kingship.
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Tesla already has the country’s largest charging network — and it’s now beating rivals in winning federal grants to expand it, according to The Wall Street Journal. Elon Musk’s electric vehicle company has won bids at 18% of the sites identified to build fast chargers, picking up about $8.5 million of the $77 million doled out in federal grants so far. The company is installing the roadside chargers faster than others at a sharply lower cost. It also plans to equip them with adaptors that can work with Teslas or other kinds of cars, allowing it to apply for federal money. Supercharge revenue could total about $885 million next year and $10 billion in ten years, according to Piper Sandler analysts.
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Comment 1: EV industry is nascent, and I think antitrust laws will definitely catch up with him when the industry matures.
While we covet his rare abilities, market monopoly is unhealthy in the long run.
Elon may not mean evil, but who knows who takes over 100 years later.
My Response: There is no monopoly when others willingly converge on your platform because they gave up as you’re the best. Musk makes better systems at a lower cost model. I do not know how you can accuse him of antitrust violations when even the government is asking others to forget their efforts and move to Musk’s.
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