As someone who has purchased and owned multiple luxury European vehicles (mainly BMW and Mercedes) for the past 20+ years, for the first time I'm seriously considering switching over to Teslas when I replace my current vehicles.
From my perspective, Tesla has now gained long-term credibility, so we may well be on the cusp of seeing much broader adoption by a mass of non-early adopters, i.e., people like me, who evaluate buying a Tesla the same way we would evaluate buying any other car brand. We judge the purchase on "boring" criteria like long-term quality, everyday reliability, real-world practicality, service delivery, overall reputation, interior features, exterior design, resale value, etc.
The stock market appears to be pricing this kind of broader-mass-adoption scenario.
It's a common enough story. I myself have quite a few friends and acquaintances who are in your camp, including a handful of bleeding-edge adopters who bought model S's seven years ago and suffered through some of the company's growing pains. The difference now, I think, is that the people who are switching to Teslas are not early adopters.
I'm not an early adopter. I currently drive a Kia. I'm buying a cybertruck. Just thought I'd give an anecdote that's not switching from the luxury market.
The KIA EV's are actually not bad for the value. Alas, dealerships are very resistant in selling them. Which is a big shame. Another reason the direct from manufacturer approach works so well for Tesla.
I'm father away from Teslas than that. My Kia is not an EV and I've never bought a new car in my life, always used. Tesla is so compelling to me that I'm jumping from practically one end of the spectrum to the other.
From my perspective, Tesla has now gained long-term credibility, so we may well be on the cusp of seeing much broader adoption by a mass of non-early adopters, i.e., people like me, who evaluate buying a Tesla the same way we would evaluate buying any other car brand. We judge the purchase on "boring" criteria like long-term quality, everyday reliability, real-world practicality, service delivery, overall reputation, interior features, exterior design, resale value, etc.
The stock market appears to be pricing this kind of broader-mass-adoption scenario.