Xiaopeng Car Founder: Didn’t see the logic of Tesla’s high valuation

Xiaopeng Car founder He Xiaopeng friend circle commented on the Tesla stock rally, he believes that in a decade, smart cars will have a number of companies with a market value of more than 100 billion to 100 billion U.S. dollars, Tesla, Apple are very powerful players. The difference between cars and mobile phones is so great that it’s hard to form a huge winner-take-all and ultra-high gross margin, so for the time being you don’t see the logic of such a high valuation.

Xiaopeng Car Founder: Didn't see the logic of Tesla's high valuation

Tesla’s share price has risen nearly 220 percent in the past six months, including an increase of about 86.5 percent this year. The company’s market capitalisation is now more than $140bn, nearly three times that of General Motors but below Toyota Motor’s $227bn.

The following why Xiaopeng friends circle the original text:

A lot of friends asked me why the rise is so strong, to tell the truth I can’t understand. As a practitioner with a large number of Tesla and a few car stocks, I have always insisted that within a decade, smart cars will have more than $100 billion to $100 billion worth of companies, Tesla, Apple are very powerful players, Xiaopeng car will also strive to arrive soon But the car and mobile phone are so great that it’s hard to form a huge winner-take-all and super-high gross margin, so I don’t see the logic of such a high valuation at the moment, unless it’s a real long-term holder; today’s outbreak in China gives us a new hint that even when the era of high-autonomous assistiveness is coming, The proportion of private vehicle model smaller than full-time sharing mode, the current Chinese emphasis on quantity and quality in the age of smart cars has been really conscious of many people, but it is far from enough.