The market cap of Tesla at 185 million shares and change in out standing shares and $1228 share price or about $228 billion exceeded the value of the German Big 3 combined and it also exceeded the value of the Japanese Big 3. What is more it about equaled the combine value of the German Big 3 and the former US Big 3. The US market is composed of the Big 1 Tesla now. It won't be long before Tesla exceeds the value of all three countries soon to be former Big 3 groups combined. Again part of what we are seeing is these obsolete legacy companies being de-capitalized just as customers will cease considering their product due to blackberry like obsolescence. The market share and market cap will be transferred to Tesla and to companies like Xpeng. This was preventable to some extent and the managements at for instance GM and BMW certainly would have changed already if they could access competent people who wanted to take their place but they can't because just as they are being de-capitalized and deselected in market share they are for lack of brand prestige and good will not able to attract the right people to pull out of their decline. They are also being de-prioritized by suppliers as Tesla has first pick now. This happened because they lacked vision and they invested in a toxic obsolete paradigm in defiance of the public interest and long building public sentiment. It also happened because they thought of their actual customers as last in line. And they outsourced not only their expertise but their relevant core expertise and reduced themselves to hollowed out middle men. The consolidation will now begin. In Japan it will be under Toyota in Germany under VW and in the US under Ford. But in the US Ford, GM, FCA (no longer really a US company- just pretends to be)- its doubtful whether they can make it even consolidated and it seems very unlikely Tesla will want much of their tainted fall out- I'd expect Toyota and VW to take more of that but only after they kept their own ships from completely sinking and both are sinking right now. Don't know about Huyandai it has a stupid hydrogen program which its survival at risk even with strong state support.
