Though part of the point of a Tesla is that it requires less service than an ICE vehicle. It doesn't need oil changes and its brakes last basically forever. It lacks belts and gears to wear out. It only has around 20 moving parts all told.
Apparently, non-Tesla EVs are having trouble selling for precisely that reason. Dealers expect to sell the cars with only modest profit, but make revenue on maintenance. EVs require less maintenance, and so the dealers don't feature them.
That's yet another reason Tesla vehicles are good value, and if they can capture a major piece of the $4 trillion yearly car market[1], that makes a $100B valuation seem quite reasonable -- even without a dime of service revenue.
Apparently, non-Tesla EVs are having trouble selling for precisely that reason. Dealers expect to sell the cars with only modest profit, but make revenue on maintenance. EVs require less maintenance, and so the dealers don't feature them.
That's yet another reason Tesla vehicles are good value, and if they can capture a major piece of the $4 trillion yearly car market[1], that makes a $100B valuation seem quite reasonable -- even without a dime of service revenue.
[1] https://www.ibisworld.com/global/market-research-reports/glo...