> So either they have to 40x their production to match their current market cap or drastically eat into another industry
They can also justify a higher market cap through higher margins. The challenge with that is that other automakers are showing they can also build electric cars, so there's competition that will drive down margins. It also looks like Ford is beating them to the truck market (and with a truck truck people actually want).
They can also justify a higher market cap through higher margins. The challenge with that is that other automakers are showing they can also build electric cars, so there's competition that will drive down margins. It also looks like Ford is beating them to the truck market (and with a truck truck people actually want).