Why Europe Doesn't Have a Tesla
worksinprogress.co> But even in industries in which it has traditionally excelled, like carmaking, Europe has failed to keep up. Tesla is now worth more than the next nine largest carmakers in the world put together.
Volkswagen sells more cars per year than Tesla has sold over its entire existence. Stellantis sells more cars in two years than Tesla has sold total. Tesla isn't even a top 15 carmaker measured by units sold per year.
By any sane measure that is more than "keeping up".
What's next from the author? An article on why Europe doesn't have a GameStop?
Further, VW AG sells about a million electric cars a year, growing at 33% YoY. Tesla 1.6M, shrinking at 9% YoY. It is likely that VW will be a bigger _electric_ car seller than Tesla within a year or two (already is if you count PHEVs, obviously).
It's a pretty weird take, unless you think that Tesla _being overvalued_ is itself a desirable thing.
Because they are still doing the paperwork and bureaucracy. Wait for it!!
Tesla seems like a terrible example. The obvious answer would be because Europe doesn't have meme stocks.