BMW's net profits just tanked 24% in Q3. Meanwhile, TSLA is producing margins that the legacy manufacturers can only dream of. They are making 20% on a Model 3

BMW's net profits just tanked 24% in Q3. Meanwhile, TSLA is producing margins that the legacy manufacturers can only dream of. They are making 20% on a Model 3 while the others are squeezing out a few hundred Euros in the non-luxury segment. Also, TSLA's battery tech is years ahead while especially the German manufacturers have been putting their eggs mostly in the Diesel basket. But those have become increasingly hard to sell to the point where Porsche has abandoned that technology altogether, and others are likely to follow. These companies are the Palm, Blackberry and Nokia of the auto industry: They don't understand that the paradigm has shifted, and when they finally do, it will already be too late.