Excellent summary Saxon - traditional auto either dismissed Tesla to failure, or assumed that they could pivot to EVs much faster than they actually were able to. And traditional auto greatly underestimated Tesla's ability to vertically integrated, thereby reducing dependence upon suppliers, and capturing that portion of profit not available to most auto manufacturers. We have a very exciting decade ahead of ourselves.
Excellent summary Saxon - traditional auto either dismissed Tesla to failure, or assumed that they could pivot to EVs much faster than they actually were able to. And traditional auto greatly underestimated Tesla's ability to vertically integrated, thereby reducing dependence upon suppliers, and capturing that portion of profit not available to most auto manufacturers. We have a very exciting decade ahead of ourselves.