Toyota, VW take 6 years to catch Tesla
From technology to business models, Tesla is continuously bringing more tasks within their control. Competitors will have little or no choice but to follow Tesla’s leaving their outdated technology and old business models.
Toyota and VW each sell 10 million cars a year. Tesla delivered only about 367,500 in 2019. But not only with the electronics technology, sourcing, logistics and even in business modelling, Elon Musk’s young company is far ahead of the industry giants.