Tesla deserves kudos for getting companies like Mercedes, Audi, Porsche, and Jaguar to invest gobs of money to launch electric cars. Extrapolating from the siz

Tesla deserves kudos for getting companies like Mercedes, Audi, Porsche, and Jaguar to invest gobs of money to launch electric cars. Extrapolating from the size of Mercedes' investment ("over $12 billion," according to the article), I suspect the industry is spending north of $50 billion to launch a range of new electric vehicles over the coming years. For comparison, Tesla's annual capital spending is between $2 and $3 billion.