The Entrant’s Guide to Automotive Industry (updated)

I replaced a gasket on my lawnmower's motor recently, which is a 3 hp Briggs & Stratton.

Looked up their stock price the other day. All these newfangled battery operated garden tools you can get these days have damn near killed their company valuation. That should tell you where the auto market is heading this decade. Electric.

> Tesla has single-handedly doubled the value of the automobile industry in a year when overall volumes and sales shrank. [...] It could be that half the assets (all the other automakers) are worthless.

Maybe by just looking at the market capitalization, but it could also be that there's so much capital chasing fewer opportunities that the market is overvalued compared to a few decades ago.

> We can’t have twice the cars since there will be nowhere to park them.

We won't have twice the cars. Every time Tesla sells a new electric car, an old gasoline car will depart.