> But even in industries in which it has traditionally excelled, like carmaking, Europe has failed to keep up. Tesla is now worth more than the next nine largest carmakers in the world put together.
Volkswagen sells more cars per year than Tesla has sold over its entire existence. Stellantis sells more cars in two years than Tesla has sold total. Tesla isn't even a top 15 carmaker measured by units sold per year.
By any sane measure that is more than "keeping up".
What's next from the author? An article on why Europe doesn't have a GameStop?
> But even in industries in which it has traditionally excelled, like carmaking, Europe has failed to keep up. Tesla is now worth more than the next nine largest carmakers in the world put together.
Volkswagen sells more cars per year than Tesla has sold over its entire existence. Stellantis sells more cars in two years than Tesla has sold total. Tesla isn't even a top 15 carmaker measured by units sold per year.
By any sane measure that is more than "keeping up".
What's next from the author? An article on why Europe doesn't have a GameStop?
Because they are still doing the paperwork and bureaucracy. Wait for it!!
Tesla seems like a terrible example. The obvious answer would be because Europe doesn't have meme stocks.