TSLA - The First Verdict On Hyundai's Major Electric Car Sales Push
- Hyundai launched its all-new high-end all-electric car platform in mid-late 2021, and the time has come to render the initial verdict.
- As of March 2022, the combined Hyundai-Kia sales rate for these electric cars has reached 240,000 per year.
- With the Genesis version being added this quarter, we can extrapolate to an annual sales rate of approximately 300,000 units per year.
- This took less than one year to achieve. It may be the quickest sales ramp in electric car history from this kind of launch.
- From a valuation perspective, how would you value an electric car franchise that went from zero to 300,000 in a year and with a quick path to 2 million units?
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The First Verdict On Hyundai's Major Electric Car Sales Push