For Tesla, the Secret Master Plan has always been to get to the mass market Model 3, and from there into the battery business. The goal is the transformation to a low carbon economy – not to build a profitable car company.
What is possible is that digitization leads to entire segments of the population to have little or nothing to do and that could lead to revolution, war or worse.
The bad news is there are still 793 million people in the world without enough to eat and climate change may have a devastating impact on the agricultural sector of more is not done to mitigate its effects and adapt the world’s food supply.
Last week the company that makes Peugeot and Citroen cars, PSA, purchased the European division of General Motors which makes Opel and Vauxhall vehicles.
Volkswagen, Mercedes, Renault, PSA, Opel and Porche are all showing new concepts, production cars or both and all appear to be pursuing electric vehicles.
In an unprecedented move, Larry Fink, the CEO of Black Rock has sent a letter to the all the CEOs of the S&P 500 urging them to focus on the long term and make their firms more sustainable.