Excerpt from Barron’s quoting DataTrek co-founder Nick Colas:
…. “At the auto show, “there is a fascinating dichotomy between the products that make all the money [and] the vehicles that need to make all the money in 10 years,” says DataTrek’s Nicholas Colas, a former auto analyst. The products that make money now are trucks. The products that will need to be profitable are electric cars and trucks.
“This is why Tesla is worth $1 trillion,” Colas says. “At least they don’t have to manage the transition to EVs”….
Read the full article here on Barron’s!