MZDAF - Tesla Exiting The Car Business Would Be Great For Carmakers But Not For The Reason You Might Think
The time has come to write the next chapter in Tesla's (TSLA) history: What would happen if Tesla were to no longer stay in business? Specifically, how would such an event impact the other automakers, such as General Motors (NYSE:GM), Ford (NYSE:F), Fiat Chrysler (NYSE:FCAU) and all the other foreign ones including Toyota (NYSE:TM), Nissan (OTCPK:NSANY), Daimler, BMW and so forth?
GM's former Vice Chairman already put his marker down in a May 3 CNBC live-on-air interview: "At this point, Chapter 11 is a certainty."