Tesla is engaging in a risky expansion as the rest of the auto industry is playing defense (TSLA, GM, F, FCAU)

The global auto industry is ruthlessly evaluating weak markets and killing off unpopular products while Tesla is expanding in China. Tesla doesn’t have much of a choice — if it doesn’t take the risk now, it won’t be able to dive in amid a global auto sales downturn. The contrast highlight the biggest difference between Tesla’s immature business and car companies that are over a hundred years old.

The contrast was telling: The same

Continue reading...