Changing fortunes of times - Who is now the biggest automaker?

Every generation needs a revolution - an entrepreneurial revolution

Before they used to be Toyota, VW, BMW.  They are no longer the automaker giants.  It is now TESLA whose market cap topped trillion

From Techcrunch - Tesla topeed 1 trillion market cap

The reasons for this bull run were:

1.  Record profits;

2.  Tesla topped ICE sales in Europe

3.  Hertz coming out of bankruptcy buying 100,000 TESLA units

This development reflect the growing awareness of decarbonizing the  planet earth (to stop global warming and flooding of coastal areas) and severe climate change.

But Toyota is resisting this wave of change.  It favors fuel cells, and does not favor total disregard of ICE (Internal Combustion Engine)

The fortunes of TESLA reflect the gtowing consciousness that we should stop the carbon emitters like ICE, coal power plants.  (We havent figured out how to dispose the dead batteries and sourcing of rare earth metals for the batteries.  The mining of these minerals will mean more destruction of forests and even water resources)

Even the biggest and the business tycoon are not immune to business failure. We have to be vigilant

Every generation needs a revolution - an entrepreneurial revolution

Bueno Sorte Holdings falters has negative networth since 2017

Lucio Tan and wifes holding company Bueno Sorte has been reportedly red flagged by SGV for having a negative net worth of P25 Billion since 2017.

The said holding company is said to be the one to pour $500 million to rehab the bankrupt airline.  The holding company holds all LT interest in Asia Brewery, Fortune Tobacco and  Philippine Airlines  It has doubled to P60 billion in 2020 largely due to  P20b losses in PAL operations

SGV doubts the ability of the  holding company to be an ongoing concern (or do the $500 million dollar infusion

Much better off kaya tayo.  May positive Equity kaya Holy Gardens group.  Pagbutihin.  Even the biggest can lose.   and go belly up

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Adapting to the winds of change under the pandemic threat

Every generation needs a revolution - an entrepreneurial revolution

I know of an officer of a diagnostic center who had so good during the pandemic.   From an x figure prior to the pandemic their revenues rose 8 fold:   they offered antigen tests and RT PCR when they were in their high nearly 5 digits price.  They are tied up with a big local airline

Their stockholders increased in number and called for additional subscription

Now 1.  the covid cases has fallen 120/th of their peak 2.   the RT PCR is no longer required for travel

         to tourist destinations  and 3.  such location offer free rapid tests

The said officer indicated that their revenues are declining.  What are they supposed to do