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by klelatti 1525 days ago
Apple’s market cap (and profits) is an order of magnitude higher than that of the old phone market that it led the destruction of (Nokia etc).

Not saying Tesla will do the same but transition to EVs will clearly fundamentally change auto market.
1 comments
sudosysgen 1525 days ago
The difference in design and potential between an EV and ICE is an order of magnitude less than between a smartphone and feature phone. The likelihood some traditional carmaker will beat Tesla at EVs eventually is fairly high. Meanwhile, Tesla can never hope for a serious lead on margins there.

The hail Mary is self driving.

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klelatti 1525 days ago
> The likelihood some traditional carmaker will beat Tesla at EVs eventually is fairly high.

This feels a lot like the statements people made about Apple at the start of the smartphone revolution. Plus they’ve had a long time already to beat Teslas at EVs - if they haven’t by now why should they in future?

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sudosysgen 1525 days ago
They're pretty close to beating Tesla by now, no? Tesla has 14% market share, with VW now at 11%
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martin8412 1525 days ago
Because they didn't care to.
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