Part 10/11:
Tesla’s plunge in market capitalization, shedding over half a trillion dollars since its peak, epitomizes the uncertainty permeating the automotive landscape. Factors including fierce competition and a consumer shift back towards internal combustion engines signal trouble ahead.
With car ownership on the decline as urban lifestyles evolve, the perception of owning a car may soon shift to becoming something less desirable. Issues surrounding walkable cities, public transport, and car-sharing programs are gaining traction, creating a larger conversation about what the future of transportation should look like.