Except for a period marked by increasing sales volume on the back of WWII, the car industry at large has been plagued by bankruptcies and rather poor margins.
Tesla has set a precedent for a car-manufacturer's stock that's been performing extraordinarily well -- a vertically integrated supply chain, vast manufacturing capabilities and expertise around AI have all contributed to Tesla's success. Most importantly as the business matures in the fullness of time are recurring cash flows from self-driving etc.
Are others about to follow and is the car industry transforming its business model?