Tesla's Elon Musk Predicts Demise Of Volkswagen, GM If They Don't Switch To Autonomous EVs Pronto
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk has predicted that legacy automakers like Volkswagen and General Motors could become obsolete unless they transition to autonomous electric vehicles. Musk has previously noted the slow pace of EV adoption by these companies.
September 11, 2023 | 4:39 am
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POSITIVE IMPACT
Elon Musk's comments could potentially boost investor confidence in Tesla's leadership in the EV and autonomous vehicle market.
As the CEO of Tesla, Musk's comments about the future of the auto industry could be seen as a reflection of his confidence in Tesla's position in the market. This could potentially boost investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Elon Musk's comments could potentially negatively impact investor sentiment towards General Motors due to the perceived slow pace of EV adoption.
Musk's comments about the slow pace of EV adoption by legacy automakers like General Motors could potentially negatively impact investor sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Elon Musk's comments could potentially negatively impact investor sentiment towards Volkswagen due to the perceived slow pace of EV adoption.
Musk's comments about the slow pace of EV adoption by legacy automakers like Volkswagen could potentially negatively impact investor sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100