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Tesla's Gigafactory: Are Other Auto Manufacturers About To Experience Their 'Blackberry Moment?'

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Tesla's Gigafactory: Are Other Auto Manufacturers About To Experience Their 'Blackberry Moment?'

Tesla Motors Inc (NASDAQ: TSLA) has finally announced when the much anticipated gran opening of its Gigafactory will be. The event is scheduled for Friday, July 29, at the company’s facility right outside of Reno, Nevada, an email sent to select customers said.

Following the announcement, Global Equities Research’s Trip Chowdhry assured that traditional automakers like General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), Mercedes, Toyota Motor Corp (ADR) (NYSE: TM), Honda Motor Co Ltd (ADR) (NYSE: HMC) and BMW, among several others, “are completely clueless and are about to experience their own Blackberry and Nokia moment.”

Related Link: Chowdhry: Everyone Wants To Be A Tesla Supplier

According to the analyst, unlike the companies mentioned above Tesla is not an automaker; it’s “a complete industry — made of tightly coupled sub-ecosystems.” But, what does he mean by that?

Well, he said, it’s important to notice that like no other auto company out there, Tesla has:

  • Its own gas stations
  • The Gigafactory (which could be seen as an equivalent of an oil refinery)
  • Its own retail stores
  • Its own service stations
  • Its own cloud and over the air updates system

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Latest Ratings for TSLA

DateFirmActionFromTo
May 2019MaintainsSell
May 2019MaintainsOutperform
May 2019MaintainsUnderperformUnderperform

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Global Equities Research Trip ChowdhryAnalyst Color News Analyst Ratings Tech Trading Ideas Best of Benzinga

 

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