Bruce Greenwald: No Chance Tesla Will Dominate The Car Market In 20 Years

Updated on

In his recent interview with Yahoo, Bruce Greenwald discussed why there is no chance Tesla will dominate the car market in twenty years from now. Here’s an excerpt from the discussion:

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q1 2021 hedge fund letters, conferences and more

Tesla Will Not Dominate The Auto Market

Host: So just to follow that point that would not necessarily bode well to your thinking for Tesla shareholders?

Greenwald: Absolutely not! I mean 20 years from now do you really think that they’re going to dominate the auto market? Not a chance! And we know what a competitive auto market looks like because in that market most of the big companies have flirted with bankruptcy at one time or another.

Host: But just to follow quickly, Elon Musk will say it’s not just a car Bruce Greenwald, it’s an ecosystem with a computer connected to a database connected to solar panels.

Greenwald: Yeah go ahead, and you think other car makers don’t have that. They don’t have computers. They don’t have databases. They don’t have solar panels. Give me a break.

And if you’re going to have charging stations… you know Apple always used to try this. When they tried iTunes, they tried it only working with Apple computers and you know the iPod, didn’t work at all.

So when you have charging stations they’re going to serve all the cars.

Elon Musk is talking his book.

You can watch the entire discussion here:

For all the latest news and podcasts, join our free newsletter here.

FREE Stock Screener

Article by The Acquirer's Multiple