Comments by "Bo McGillacutty" (@Mrbfgray) on "Bloomberg Technology"
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@phreshlivin1881 Legacy auto mfgs have massive headwinds including huge debt, pensions, unions and the inherent conflict between short term profits and long term investments required to have a chance of existing into next decade, many won't. Plus the dealership handicap and most of their profits coming from servicing which EVs do not require.
Only Tesla has a roadmap to produce the many multiples of batts over current production, required to make millions of cars per yr in a few yrs. "Dominate the market"--depends what you mean, 20 to 30% will likely continue for the next several yrs which is well beyond what they need to thrive by 2030.
Robotaxis are essentially a given be autonomous solved by the end of this yr or several yrs out. That alone should add trillions to the market cap mid decade and NO ONE else is close to solving it other than geofenced so they may pay Tesla for licenses to use it.
Tesla will be producing 20M cars per yr. well before end of decade most likely, that's VW plus Toyota production. Dominant? IDK, you tell me if that qualifies. Plenty of room for the other big players especially out of China, downsized VW, F, GM and other upstarts like Rivian.
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