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Electric car: Renault considers Tesla as an ally

In response to a shareholder who was worried about Tesla’s success , Carlos Ghosn, head of the Renault Nissan Alliance, spoke highly of the US brand and CEO Elon Musk. According to him, the group should consider the Californian manufacturer as an ally and not a competitor.

Last week, at the Renault
Nissan shareholders’ general meeting, one of the investors expressed concerns about Tesla’s rise to power. He also raised a question about the group’s competition with the American brand in the field of electric vehicles . In reply, Carlos Ghosn first congratulated his American counterpart Elon Musk on his work, but especially praised his qualities as a salesman.”I also have to pull my hat off of Elon Musk, who is a great salesman. He is a very good person who sells very well the vision of his company. Good for him. We are not at all jealous on the contrary, “he said. “I consider that the more Tesla advances, the more Tesla develops and the more it helps us . No one denies that we are the biggest players in the field. In a way it helps us to market this technology and make it more desirable, “he said, wishing to reassure his investors (read our interview Carlos Ghosn: our electric bet turned out to be a winner ) .

An incredible stock market success
Taking advantage of the opportunity, the CEO of the Alliance also explained Tesla’s inordinate rise on the stock market, whose valuation now exceeds that of BMW, General Motors or Ford. “When you see a company of 100,000 electric cars per year, which is virtually unprofitable at the moment, which is worth more than a General Motors that sells 9 million, a Ford that sells 8 million, Profitability, as Ford and General Motors’ profits amount to $ 9 billion, there is a question about how the market sees these companies “(read more : Tesla becomes the 4th largest automaker in the world Planet ).It also deplores the judgment that Tesla is undergoing on its future, unlike other manufacturers who are evaluated according to their current performance. “Tesla is judged on her future, not on her present. While our market capitalization, as well as that of all other automakers, is more focused on the present and not on the future. That means that if you have any doubts about the future of Tesla, you will have very strong changes on its market capitalization and on the other hand the slightest hope on the current car manufacturers that will be very competitive on the autonomous electric cars connected and you See a market capitalization that will improve “.

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