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Comment by small_model

5 days ago

All the legacy automakers that haven't fully moved to EV's PROFITABLY will go defacto bankrupt within a few years, there will be some mergers to stay alive but it's game over. Tesla and China companies will own auto, with Tesla capturing most the profit, similar to Apple vs Android phones. Autonomy will further accelerate this.

Spot on, except for the part about Tesla. Tesla shut down production of Model S & X. Coming up next: 3 and Y. Also, Tesla has YOY decreasing revenue and sales. Pretty soon, they will go pre-revenue and embrace what they are: A NFT traded on the stock market for bragging rights.