Re:Anatomy of a Bubble – Tesla and Bitcoin
by endori97 on Wednesday September 02, 2020 @09:59AM
(#24353273)
Tesla is similar to Netflix/Amazon when everyone knew the future -- TV/shopping would eventually go online and now everyone knows cars will eventually be EVs
The legacy OEMs must allocate their capital to maintain current products/dividends/pensions and have a seat at the EV table in the future. Not as easy as it sounds, especially considering technology creates winner-takes-all situations and cap-ex to participate in battery production at scale appears to be in the 10s of billions.
The legacy OEMs must allocate their capital to maintain current products/dividends/pensions and have a seat at the EV table in the future. Not as easy as it sounds, especially considering technology creates winner-takes-all situations and cap-ex to participate in battery production at scale appears to be in the 10s of billions.