Tesla Cybertruck orders in China.
Tesla is now officially taking Cybertruck orders in China. You can head to the Tesla website to reserve your Cybertruck.
The Cybertruck has such a unique design I’m sure there will be a lot of upper class Chinese who would love to be driving around in such a car. Really makes a statement.
Waymo at present has a private valuation that is twice as high as Tesla.
How can this be?
Margins! Tesla is focused on the full production of the car where Waymo is focused purely on the underlying technology with self driving cars. Thus, Waymo will have a Gross Margin that is extremely high in comparison to Tesla.
Eric Schmidt talked about this a lot. How Google and its products always wanted to be focused on providing the technology sub stack instead of the full product as it keeps margins at a high level and thus maximising value.
Tesla is a very interesting beast! It looks and feels like a car company, but really it’s not!
Here is a link to an interesting article about Tesla not being a hypergrowth company.