The surprise leadership shuffle on Thursday at Toyota Motor Corp , renewed urgency at Renault and Nissan Motor Co to restructure their alliance and Elon Musk's declaration that Tesla Inc will be the world's No. 1 automaker by a wide margin have one thing in common: What once defined the global auto industry's center is no longer holding.
such as the long-delayed Cybertruck.
"I don't think you could see a second place with a telescope, at least we can't," Musk said when asked how the auto industry could look in five years.Global automakers are experienced with periods of feast and famine that come on roughly seven-to-ten year cycles. What is happening now is different. As combustion vehicles give way to electric vehicles with high-powered computer chips for brains, many of the advantages of incumbency that Toyota enjoyed are withering away.
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