One could argue that although self driving cars do present a terminal risk, the actual car salvage market should still sustain itself. As we have seen, electric vehicles have more expensive one time maintenance costs, and it remains to be seen if the battery market continues to become more efficient. A question I am asking myself is, “as EVs hit their battery life, will people want to buy them used, rather than upgrading to a new one?” I think the bigger risk posed is insurance companies not trying to create a monopoly. Still, it’s a very difficult space to enter due to the capital requirements of owning large tracts of land. Interesting read.
Fair point. While not new to the company, he has big shoes to fill. I think him serving as co-CEO for the past couple years should help smooth out these next few, but every leader has their own vision for the company they run. If he takes steps to change the company's culture or strategy, it could be a red flag.
One could argue that although self driving cars do present a terminal risk, the actual car salvage market should still sustain itself. As we have seen, electric vehicles have more expensive one time maintenance costs, and it remains to be seen if the battery market continues to become more efficient. A question I am asking myself is, “as EVs hit their battery life, will people want to buy them used, rather than upgrading to a new one?” I think the bigger risk posed is insurance companies not trying to create a monopoly. Still, it’s a very difficult space to enter due to the capital requirements of owning large tracts of land. Interesting read.
Im not so sure about the "new" CEO. Would watch his performance for a year or two first.
Fair point. While not new to the company, he has big shoes to fill. I think him serving as co-CEO for the past couple years should help smooth out these next few, but every leader has their own vision for the company they run. If he takes steps to change the company's culture or strategy, it could be a red flag.