Why is it that the Tesla fan believes all legacy automakers are doomed to fail in the race toward an electric and autonomous vehicle future? To the Fan Boys, a winner-take-all, zero-sum-game of Tesla winning while all others lose is the future. TI don not believe Tesla will not destroy all legacy automakers. General Motors, The VW Group, and potentially a few new players in the space (Amazon, Apple, Rivian) will have a fighting chance to be strong in a new world of EVs and autonomous vehicle mobility businesses. There’s room for several companies to play the game. Competition will lift all boats. Unfortunately there’s a certain “founder fetish” for Elon Musk (a phrase from Yale professor, Scott Galloway). For the Tesla fan boy, if it didn’t come from Musk, it must be bad. The race toward a new automotive future is a marathon, not a sprint. Tesla has a strategic first-mover head start that give it some competitive advantages. But so did Amazon with its AWS cloud business over others like Microsoft. Today, however, Microsoft has an important Azure cloud business that drives a significant portion of its profits.
Full disclosure. I own shares of Tesla
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