[endori97]

Tesla is similar to Netflix/Amazon when everyone knew the future -- TV/shopping would eventually go online and now everyone knows cars will eventually be EVs

The legacy OEMs must allocate their capital to maintain current products/dividends/pensions and have a seat at the EV table in the future. Not as easy as it sounds, especially considering technology creates winner-takes-all situations and cap-ex to participate in battery production at scale appears to be in the 10s of billions.