[sgbuffett]

Toyota makes 12 million cars a year. Tesla 1 million cars a year.

Toyota market cap is usd 216 billion. Tesla market cap usd 684 billion.

If Tesla share price drops to usd 210, then tesla market cap same as Toyota.

But at the same market cap of USD 216 billion, Toyota still makes 12 times as many cars as Tesla.

Try telling this simple maths to a Tesla fanboy.

The only reason Toyota is not so big on EV is because the demand for petrol car is still 50 times that of EV. Just look around in Singapore.

Toyota has a transition team for EV and will respond to demand because it is maximising revenues and profit as it goes forward.

Main problem with EV is it is easier simpler technology than petrol car so it can get crowded. Only the battery tech is harder to master. I believe self driving will be licensed by MobileEye and Baidu so everyone will have it. Batteries will be made mainly by 3 companies. As for the car itself many can go into the arena like PC businesses.in 90s. Later it will consolidate into a few big brands because of economy of scale.