Big Auto Had The Ultimate Barriers To Entry — Then Tesla Broke Through
Credit to Author: Guest Contributor| Date: Thu, 03 Mar 2022 23:13:02 +0000
Prior to the rise of Tesla, conventional wisdom held that it would be practically impossible for a startup company to challenge the behemoths of Big Auto. When economics professors explained the concept of barriers to entry, the auto industry was usually example #1. Selling cars in volume requires not only massive industrial resources, but a highly […]
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