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The entire worldwide car industry won't be worth 7 trillion dollars in 2026.
by GalenErso 4y ago
The entire worldwide car industry won't be worth 7 trillion dollars in 2026.
- deleted 4y ago[deleted]
- snordgren 4y agoCar companies were asleep at the wheel before Tesla. Selling EVs is perfect because they have lower OpEx at the cost of a higher CapEx. Higher CapEx means more revenue for the car manufacturers, and higher valuations in the long run if they can maintain their profit margin. Car manufacturing will be a more valuable industry as EVs become the standard, but definitely not fast enough to quadruple the value of the industry in a handful of years. Not unless we start overvaluing every company like Tesla.