Tesla's Biggest Advantage in the Auto Industry
One of the advantages of being a new, disruptive company is that you can change the business model that legacy companies are stuck in. Marketing, distribution, and even production can be rethought in a way that makes sense in 2020, instead of being built for 1950.
Tesla's (NASDAQ: TSLA) biggest advantage over competing automakers today is how it has updated the auto business model. Bloated dealerships are out of the picture, marketing budgets can be slashed, and Tesla can now generate more money on each sale than competitors can. And the new model might give Tesla a financial advantage for a while.
A Tesla Model Y. Image source: Tesla.
Source Fool.com
