April 13, 2024

Tesla Inc TSLA CEO Elon Musk sees legacy automakers like German automaker Volkswagen AG VWAGY and Detroit-based Common Motors Co GM going out of date until they transfer into autonomous electrical automobiles.

What Occurred: “If they do not swap to autonomous electrical vehicles pronto, that’s completely true,” Musk wrote on X, previously Twitter. Musk was collaborating in a dialogue on legacy automakers’ sluggish tempo of EV adoption and eventual downfall.

“VW is lifeless,” one consumer wrote.

“The aim of most auto producers is to determine how you can wind down their companies. I have been saying this about GM for fairly some time. Others are beginning to comply with GM’s lead,” one other mentioned.

Why It Issues: Musk has famous the sluggish tempo of transition to EVs by legacy automakers earlier than. Final month, he wrote, “Some corporations do perceive, however their tempo of change is nonetheless sluggish.” The CEO was responding to a consumer who mentioned that legacy automotive corporations are about to have their ‘Kodak second.’

“It’s sadly trending that manner for a lot of automakers,” Musk then mentioned.

Photograph Courtesy: Frederic Legrand – COMEO On Shutterstock.com

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