Tesla - 3 Tech Stocks That Build the Future: Part 2

  Tesla - 3 Tech Stocks That Build the Future: Part 2 The latest technology sale offered discounts to companies Amazon, Tesla and Illumina, which are the key technology platforms of tomorrow for long-term investors. In our previous content, we discussed the e-commerce giant Amazon in detail, now we will talk about the electric vehicle manufacturer Tesla. There is a lot of controversy regarding Tesla's battlefield stock. While Bulls claims that Tesla will be the most valuable game changer technology company; Bears argues that Tesla is a car company according to social media addicted cheaters. The answer is probably somewhere in between. However, it is certain that the Bulls' claim is more realistic than the Bears. Tesla is now the leader in the electric vehicle (EV) market, far ahead of its closest competitor, with a market share of approximately 69 % in the US and 18 % worldwide. Whatever you call CEO Elon Musk, he has turned Tesla into a mass electric vehicle brand and has made it a market leader much faster than former automakers thought. Management predicts a 50 % growth over the next few years as the company further penetrates China and Europe.

How will Tesla become a "platform"?

The key to this job will be to develop fully automated driverless software that can set up an autonomous taxi network to the extent that regulations allow the company. According to Musk, the company's fully autonomous software is constantly improving Tesla's FSD platform. This network will be able to meet or exceed human drive safety by the end of the year. In his last conference call with analysts, Musk evaluated "a big issue" for autonomous software. Armed with a self-driving chip, Tesla believes it can win the battle for autonomy, and it allows current Tesla owners to potentially "rent" their cars to others when they are not driving. Tesla - 3 Tech Stocks That Build the Future: Part 2 Musk said Tesla's driverless software is open to licensing to other automakers. Stock is undoubtedly expensive if you consider the company purely as an automaker. However, Tesla could become a major clean energy platform in the long run with electric vehicles, autonomous driving, battery generation and solar panels. Each investor will decide for himself how much he can pay for this scenario.  

Source: The Motley Fool

 

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