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Tesla Has a 'Near Monopolistic' Opportunity to Dominate the Auto Industry

Electric carmaker Tesla ( TSLA) has a "near-monopolistic" opportunity to gain market share in the auto industry as traditional automakers remain complacent regarding electric vehicles, German investment firm Berenberg argued.

"(Manufacturer) complacency about electric vehicle (EV) technology is worse than perceived," Berenberg analyst Alexander Haissl noted. "Despite more talk of developing EVs for mass-market adoption, a lack of real action and strategic commitments betray their underlying conviction, with no clear pathway to high-volume EV production before the mid-2020s."

As a result, Tesla is left with the chance to dominate the market. And, while Haissl acknowledges the recent efforts from some legacy automakers to expand into electric vehicles, he argues Tesla will invest much more over the same period.

"To contrast Tesla with even the most forward looking (manufacturers), we estimate Tesla will invest $32.7 billion over the next 5 years...