The Rising Influence of Rising Affluence

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I have no dog in the fight currently and my guess is that you are probably right for the short term. How much of TSLA's EV do you attribute to cult status of Musk?

The bigger story yesterday were the semi trailers so there will be plenty of pain to go around. Having 15% lower cost immediately will be a strong motivation to adopt. Cummins and Paccar will continue to feel the pain along with the rest of ICE transport. We have all these car companies having R&D offices in the silicon valley for several years with very little to show for it. Look at the Cummins Etruck effort or the Porsche EMotion, awful (that goes for the bmw i3 and i8 too). And Mercedes complains about the lower profits to be had as they transition to EVs. It is the innovator's dilemma in action except there are very few innovations in the ICE world. Lots of short opportunities. CMI and PCAR are just the beginning.