7. New car companies have the potential to succeed

Though Tesla Motors still has plenty of trials to go through before it can be declared a total success, its brilliant innovations and quick strides are proving that forward-thinking new car companies have the potential to succeed. And that’s a big deal in an industry where a brand new car company hasn’t been started in about 100 years and the business model and design of the product hasn’t been drastically changed since before that. We’ll see what the future holds for Tesla and other start-up car companies trying to make a change.

This article was originally published on CarInsurance.org and was republished with permission.