In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The electric I-PACE accounted for 5.7% of Jaguar’s US sales in March 2019, Inside EVs estimates. In detail, Jaguar sold 1,001 I-PACES in America during March. IPACE sales are small but they are growing fast, increasing by 13% in March 2019. However, IPACE sales are still behind the Tesla Model X, Tesla sold over 4,000 of its electric SUVS in December 2018, Inside EVs calculates.
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Tata Motors (NYSE: TTM) not Tesla Motors (NASDAQ: TSLA) is poised to dominate electric cars. That is very good for
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Strangely enough, the I-Pace might create more business for Tesla Energy’s supercharger filling stations for electric cars. The only place in town where people will be able to charge the I-Pace quickly might be at the Tesla or Volkswagen chargers.
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General Motors itself recognizes these realities; it has launched a short-term rental service called Maven. Maven is an app-based company that boasts it can provide: “Cars to Fit Your Every Need.” If you need a van, a minivan, a pickup truck, an SUV, an econobox, or a station wagon you can order it at the touch of an app.
The future is cars on tap or cars on the app and General Motors is there. Some of Maven’s marketing claims include; “Free from cost of ownership,” “never pay for gas and insurance,” and “Don’t worry about vehicle maintenance.” Anybody who has ever worried about covering the cost of a car insurance payment, new tires, or a tank of gas will find those claims appealing.
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These figures gave Tesla; which produced 83,922 vehicles and delivered 76,230 cars and SUVs in 2016 according to CleanTechnica, an “Enterprise Value” of $58.58 billion on 6 December 5, 2017. Meanwhile Tata; which shipped 554,401 vehicles from just one subsidiary in 2016, had an enterprise value of $26.33 billion.
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Musk is cutting administrative fat in preparation for a sale or a merger with another automaker. At least 63 people were laid off at Tesla’s head offices in Roseville, California. If there is a buyout or merger, I would rank India’s Tata Motors (NYSE: TTM), which owns Jaguar and Land Rover as the probable candidate.
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There is a simple reason why traditional automakers will dominate the future of ground transportation: they have a lot of cash. Even vehicle manufacturers in trouble have a lot of money in the bank.
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Even without the dividend, Tata might be undervalued. It had a market capitalization of $25.35 billion and an enterprise value of $28.644 billion on June 2, 2017, meaning that there might be room for growth here.
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General Motors has not made money off vehicle sales in Europe since the 20th Century; an analysis by Karain indicates, yet it waited until March 5 to sell its European Division. That division includes two storied brands Germany’s Opel and Britain’s Vauxhall, a European financing division, 11 manufacturing plants and an engineering center.
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