Elon Musk, Tesla Win 2021 By Waking Up The Auto Business
A scarcity of laptop chips is preserving automakers from producing sufficient automobiles to meet rising demand. There are extra public automotive companies now than two years in the past as a end result of EV startups and suppliers have gone public via particular purpose acquisition firms . These are usually younger corporations which might be years away from profitability, but many have captured the eye of investors, and a few trade at a premium in comparability with conventional automakers. When gross sales stoop, as in a recession, automotive companies’ income fall sharply — placing future product spending and future competitiveness …
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