Thematic basket of established legacy automakers designing and manufacturing internal combustion and hybrid vehicles.
1 take · first discussed Jan 4, 2025
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
The hosts present a uniformly bearish view on traditional auto OEMs, with Gavin Baker explicitly aligning with Chamath at high conviction. The core thesis is that legacy automakers face a structural squeeze from two sides: Tesla competing in Western markets and Chinese OEMs producing more competitive products globally. Both Baker and Chamath see the loss of the Chinese market as particularly damaging, with Baker noting that traditional OEMs "don't make competitive products anymore" there, and both suggest meaningful recovery is unlikely without major government intervention.
Gavin Baker fully agrees with Chamath that traditional auto OEMs are in deep trouble, citing loss of Chinese market and being caught between Tesla and Chinese competitors absent major government intervention.
I agree 100% with Chamath. I think— all right, there you go. They're going to lose their Chinese business because they don't make competitive products anymore... they'll be caught between Tesla and the Chinese OEMs.”48:54