Here’s a good example of the commodity syndrome that seems to infect Wall Street these days. Gloom and doomer Marc Faber on Tesla’s stock heading to zero.
What they produce can be produced by Mercedes, BMW, Toyota, Nissan. Anybody in the world can make it eventually, at much lower cost and probably much more efficiently… The market for Toyota and these large automobile companies is simply not big enough, but the moment it becomes bigger, they’ll move into the field and then Tesla will have a lot of competition.
If everything is a commodity item then why are their luxury cars and economy cars. What of Tesla?
I think Tesla is a company that is likely to go to zero eventually
Just like Apple, right?