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Union vs New-age: who will win the EV battle?
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cowabanga joined discussion · Oct 13, 2021 12:53

Who would win: New Age

Allow me to explain why:
The battle of EV was never about engine and the design of the automobile anymore, those considerations belong to the industralisation age. In the future era, data is king.
Credits:Tenor.com
Credits:Tenor.com

Based on the comparison between the respective EV companies, $Tesla (TSLA.US)$ triumph based on its forerunner role in the futuristic autonomous EV space.
$Tesla (TSLA.US)$
Who would win: New Age
The union or industrial age competitors are caught up in an era where customer purchases a vehicle once and these companies simply adhere to the warranty and recall etc. This pales in comparison to what new age companies like Tesla has to offer in terms of machine learning and big data. These Tesla machines serves as a product that could get better with every use from the user much like an evolving equipment. If this sounds to you like a similar approach of the eco-system that $Apple (AAPL.US)$ is selling to their device consumer, I don't think you would be dead wrong.

With the above said, there are new age companies such as $Lucid Group (LCID.US)$ that caught up with the EV craze and not all new-age companies is a Tesla.

All the content in this post is not financial advice and are mere non-professional opinions to the changes out there. Please do your own due diligence before making any decision financial or non-financial and any content in this post should not bear any weight in your decision made. Seek professional advice/help where necessary.
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cowabanga
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