Expect Auto Industry Consolidation Post-Pandemic, Says Ark Investment Analyst

What is one of the long-term impacts of COVID-19 on the auto industry?

• Consolidation due to autonomous electric vehicles

• Decrease in electric vehicle technology

• Increased production of gas-powered cars

• Expansion of innovation projects

Why is Tesla's China factory considered crucial in the short term?

• It has been shut down permanently

• It is the only factory producing gas-powered cars

• It is back up and running after a shutdown

• It is the largest factory in the world

What economic factors are causing concerns about demand for cars?

• Recession and high unemployment

• Low unemployment rates

• High employment rates

• Economic boom

What shift is expected in household car ownership in the long term?

• From one car to two cars

• From electric to gas-powered cars

• From autonomous to manual cars

• From two cars to one car

What is expected to drive the increase in demand for electric vehicles?

• Decreased interest in autonomous technology

• Higher operating costs

• Higher total cost of ownership

• Cheaper sticker price compared to gas-powered cars