Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous asked in Business & FinanceInvesting · 2 months ago

Why people would want to buy a Tesla, when they can buy a Volvo, Toyota, Ford etc as an electric vehicle?

will tesla go the way of saturn soon? why think so or not and how soon?

3 Answers

  • Anonymous
    2 months ago
    Favorite Answer

    The older American car companies (like Ford) have been destroyed by the unions. Most of the cost of a new vehicle goes to pay people who don't even work there anymore. What that means to the consumer is Tesla will be able to provide a higher quality car at a lower relative price. 

    A lot of people would like to buy American and would like to see another American car company add to the competition. 

    On top of that, Tesla has been a leader in the industry and consumers tend to buy from the leader. Apple created the first smartphone and people still buy them even though they're way behind Samsung at this point. 

  • Anonymous
    2 months ago

    unrelated to investing.

  • 2 months ago

    Because Tesla does it better than all of them, and that includes better autonomous driving too.  Not perfect, but better than any of those others.

Still have questions? Get your answers by asking now.