According to Jack Rickard, Tesla will destroy these industries:
- Gas Cars
According to Warren Redlich, a car-accident lawyer, Elon Musk will hurt or destroy the following industries if he makes Robo Taxis:
- Gas Cars
- Car Insurance
However, robo taxis will take another one to 10 years to come out, depending on who you believe. The predictions above are predicated on robo taxis mostly and partly on Elon Musk’s Boring Company and SpaceX.
Among Berkshire Hathaway’s biggest holdings are:
- Geico (car insurance)
- Santa Fe (railroad)
Robo taxis do not even need to come out to affect Berkshire Hathaway’s stock. If enough investors fear that robo taxis will disrupt Berkshire, it will suppress Berkshire’s stock.
I think this is why Uber and Lyft, which have been growing revenues like crazy, is in the dumps with their stocks. I could be wrong, but I think enough investors fear that Uber and Lyft will be put out of business by robo taxis, which is why their stocks are suppressed. Therefore, I would avoid stocks in the above industries.
Uber and Lyft are HUGE DISRUPTERS of the taxi industry. Yet, these DISRUPTERS will be DISRUPTED. Rarely has any disrupter been disrupted so quickly. Cars disrupted horses. But it will be over a 100 years before gas cars are disrupted.
If Elon Musk comes out with Robo Taxis, he will be the biggest disrupter in history and will be the real “Iron Man”.