Tesla Inc.’s (TSLA) Giga Texas Cybercab line has now shifted into higher-volume test production. How high? Try a new unit off the production line every ten seconds when the line is running at speed, advises Keith Fitz-Gerald, editor of The 5 With Fitz.
Waymo, by comparison, doesn’t make cars at all but retrofits existing vehicles into robotaxis one by one. Uber Technologies Inc. (UBER) and Lyft Inc. (LYFT)? Both rely on conventional cares that take hours or days to build on an auto line…and still require humans to operate ‘em.
Tesla Inc. (TSLA)
How passé. Unka Elon recently said: “Hold on to your Tesla stock. It's going to be worth a lot, I think. That's my bet.” I agree. $600.
Despite what a lot of folks seem to think, the markets don’t reward incumbents forever when there’s a new player with scale, technology and cost advantage. History shows very clearly that producing the future is far more profitable than longing for the past. So, invest in optimism.
I’d encourage you to think very seriously about Lyft and Uber if you own ‘em. I don’t see this ending well. Short, avoid, or even consider buying Putskies – meaning put options, a bet that the stocks decline.
