The ONLY automobile companies I would ever consider buying stock in are Tesla, Toyota and maybe Honda.
There was an auto analyst that predicted the only auto manufactures left in 20 years will be Toyota and Tesla.
I don’t know. Investors have any number of motivations. I guess that was a rhetorical question…
He's wrong. Will probably be China's BYD, and possibly Tesla. BYD is in the process of overtaking Tesla in worldwide sales of EVs, which include hybrids with gas tanks. Tesla is selling fully electric vehicles, no hybrids, and Musk is interested in developing a robo-taxi setup and will exit personal sales market in the future. In 20 years, Tesla will mainly be an electricity utility provider, as well as building robots and AI platforms.
Maybe Taco Bell will be the only non-Chinese auto manufacturer left (kidding on this, of course).
#28 Tesla stock was $290.34 on July 17, 2023
Today it is $170.83
Ford lost $12.5 billion in 4 years and counting on electric.
Tesla cars will not be around as they are electric and sales are dropping on the free market. He wants mandates as it is the main way he makes his billions in the car market. Mostly because he sells made up “carbon credits”. He sells to the other car companies and industry to offset the gas cars mileage as imposed by the EPA. His car price is dropping now and the stock is way down.