Have Car Companies "Innovated" Themselves Out of Business | How Money Works

Have Car Companies "Innovated" Themselves Out of Business

Start creating for free at https://www.odoo.com/r/T48. Trust me, you’ll find it’s never been easier to share your passions online.-----Link to the (traitors) new channel - https://youtu.be/2JoWfQKQAzc?si=zj65-mL7CxJHJ3SkSign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://howmoneyworkslibrary.com/-----My Other Channel: @howhistoryworksEdited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ [email protected] up for our newsletter https://compoundeddaily.com 👈All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.#cars #business #finance ----Over the last 2 decades very few major markets have seen changes quiet as widespread (and expensive) as the car industry…A push towards electrification, new major competitors from China and South Korea, self-driving technology, tighter regulations, and hundreds of billions of dollars in investor money has made it EXTREMELY difficult for companies to adapt to every single last change while ALSO delivering a product that’s not… terrible Dozens of companies are betting their entire future on the next five years, but that’s happening as a lot of people are still underwater on their last car… so they’re not in a rush to buy their next.Technology is changing so quickly that cutting-edge cars today might be COMPLETELY redundant in a few years’ time, meaning the right thing to do for most drivers is to sit back and wait.The investors on the other hand are realizing that if you invest billions of dollars to “DiSruPt” a market… you shouldn’t be surprised... When the market gets… disrupted…

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