Tesla vs Non-Tesla
November 25, 2020
Sharing today’s insightful Barron’s article on auto industry and Tesla. Worth a read, here are my key takeaways:
1) Auto industry is a GROWTH sector, not stoic as many believe. Global industry market cap grew from $1.2 trillion to $1.25 trillion in past years
2) What’s glaringly clear from chart is that Tesla is eating the auto world having gone from near negligible to <$500 billion market cap or a whopping 40% of world’s value
Note that I have always firmly been in the “Tesla is not just a car company” camp for many years. They are a tech company, a software/date, battery/energy and so on company so the $500 billion reflects that.
Nevertheless, wow. What do you think, does it make sense for one company vs rest-of-auto world to be 40% of value?
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