UBS says Audi's new electric car shows industry has a long way to go to catch Tesla

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Audi's e-tron car shows just how far behind Tesla's competition is, UBS says.

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Life cycle of old tech company 1) we have the most $ and will innovate when we need to 2)uh oh-better innovate 3)uh oh-Harder to catch up than we thought. Can’t sell old tech while pushing the new tech 4) lose market share / $ See Kodak, Blockbuster, Nokia and ICE autos

Tesla which bought a head start for effing cheap thanks to Ford letting parents expire because Bush got rid of the Clinton car regulations.

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